$BTC Bitcoin violently spiked to 88877! Whale selling pressure + top divergence resonance, is the dog investor painting a door or is it a bull market pullback? #Cryptocurrency market rebound

In the morning, Bitcoin sluggishly moved up from 84500, but in the afternoon it suddenly spiked violently to 88877, instantly triggering $380 million in long and short leverage, the dog investor hit it precisely and fiercely, leaving a long upper shadow on the daily chart, clearly indicating that the selling pressure from old investors above is immense.

The 4-hour MACD is still showing a golden cross while expanding, indicating that the bulls are not completely dead, but the hourly chart's top divergence has already signaled a warning — if it can't break through the 85000 level, a pullback to 83500 to wash out leveraged positions is highly probable.

Technical analysis: Top divergence and whale selling pressure resonance

On-chain data shows that around 88800, whales are concentrating on offloading, with a single address transferring over 4000 BTC in one day, perfectly aligning with the technical resistance level.

This operation is most likely a tactic used by dog investors in conjunction with whales playing the 'good news turning into bad news' routine, using the favorable news of Trump's locked positions to drive up prices while distributing chips at high positions, repeatedly harvesting from contract traders.