In the last 24 hours $BTC lost about 1%, settling at $88,970. The 'Greenland Agreement' rally has fizzled out, and the market is once again looking at US macroeconomic indicators.
Key facts for today:
Support zone: $88,500 proved to be a strong price, where buyers began to buy the dip.
Inflation expectations: January forecasts in the US have been revised to 4%, putting pressure on risk assets.
ETF Factor: ARK Invest and Grayscale are filing new applications (including BNB ETF!), which is preventing the market from a panic collapse.
Forecast: By the end of the weekend, we expect a "saw" in the range of $88,500 – $91,000. If we can't hold $88k — the next stop is at the level of **$84,000**.
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