Analyst: The market has recently experienced a strong upward trend, and it is not surprising if it rebounds to $88000

Odaily Planet Daily News: The US listed Bitcoin ETF attracted a total of $381 million in capital inflows this week, the largest single day inflow since January 30th. Delta Exchange research analyst Riya Sehgal pointed out that if the price of Bitcoin remains stable above $88800, it may further push it up to the range of $92000 to $94000. However, this round of upward trend may soon face a correction. Stefan von Haenisch, head of over-the-counter trading at Bitgo Asia, a cryptocurrency custodian company, warned that "the market has risen too strongly in the past few days and now feels a bit overbought." He said that the pullback of Bitcoin to at least $88000 is "not surprising. （Bloomberg）