Family members are shocked! I just saw someone say BTC is going to drop to $32,000? Is this news true or false? Bitcoin is still hovering around $88.7k, and this timing is not random at all!
The real threat is actually the interest rate decision from the Bank of Japan! If they really raise interest rates, the yen carry trades will have to be unwound, and when market liquidity tightens, risky assets like Bitcoin will definitely bleed and drop; just thinking about it is frightening!
Looking at the technicals, although the RSI indicator shows oversold conditions, the overall structure is still bearish, with no signs of improvement. Don't just focus on the oversold condition and think about bottom-fishing; be careful not to get stuck halfway up the mountain!
Key price levels highlighted for everyone: the support level is around 85.1k, if it falls below this, it is very likely to go down further; the resistance level is at 93.1k, and it will be quite difficult to break through in the short term.
Experienced players understand the principle of 'don't go against the macro', in this market do not operate blindly, wait for clear signals to take action! Otherwise, you might be severely educated by the market and get stuck.
\(BTC \)FHE What do you think will happen next, will it break through the support or can it rebound and challenge the resistance? Come to the comment section to share your predictions! @USDD - Decentralized USD #USDD以稳见信
