Is 88877 a local top?

1. The recent increase, in the btc/usdt price, is 88877, and for the market cap of usdt/btc, it has just dropped to 4.2, corresponding to the high point (88500) before the tariff policy was announced, with a ratio of 0.08206. This indicator filters out the 'noise' caused by the excessive issuance of usdt, so a potential pullback may follow the possible second bottoming of the US stock market;

2. Benchmark: A. On August 5th last year, accompanied by the death cross of the 50-day and 200-day moving averages, B. The price bottomed out at the 350-day moving average of 49000, C. Then rebounded and broke through the 200-day moving average, D. After that, there were two more bottoms at the 350-day moving average, currently, we are at point C. Will history repeat and continue to point D? Let’s wait and see. $BTC