Post
90,000 USD level fluctuates repeatedly, is BTC poised for a breakout or has it reached a peak phase?
The crypto market has once again entered a "grinding" mode today. Bitcoin (BTC) has been oscillating in the $89,000 - $90,000 range, with both bulls and bears engaged in fierce trench warfare near the $90,000 threshold.
📊 Core observations:
1. BTC high-level consolidation: Although there was a slight pullback last weekend, it currently holds above 89,000. This kind of high-level sideways movement often indicates the digestion of earlier profits; as long as it doesn't break key support with heavy volume, the upward trend remains intact.
2. Divergence in U.S. stocks: Last Friday, U.S. stocks showed a split performance; the Nasdaq was supported by AI leaders, but Intel's poor earnings left the semiconductor sector looking a bit weak. The sentiment in U.S. stocks is being transmitted to the crypto market through ETFs, leading to a cautious stance among investors.
3. Positive news for the Nasdaq: The Nasdaq plans to relax the position limits on Bitcoin ETF options, which is a long-term positive for institutional entry.
💡 Operational thoughts:
We are currently in a silent period where "a storm is brewing." This week, there will be a wealth of macro data from U.S. stocks; it is recommended to closely monitor the stability at $90,000. If it can break through with volume, the upside potential will be fully opened; if it struggles to break through, caution is advised for a pullback to the $85,000 range.
Summary: Hold spot patiently, and avoid extreme volatility during late-night hours on contracts. At this position, preserving profits is just as important as chasing highs.
#BTC #cryptocurrency #BinanceSquare #marketAnalysis #USStocks
Do you think the $BTC can hold above 90,000 this week?
The crypto market has once again entered a "grinding" mode today. Bitcoin (BTC) has been oscillating in the $89,000 - $90,000 range, with both bulls and bears engaged in fierce trench warfare near the $90,000 threshold.
📊 Core observations:
1. BTC high-level consolidation: Although there was a slight pullback last weekend, it currently holds above 89,000. This kind of high-level sideways movement often indicates the digestion of earlier profits; as long as it doesn't break key support with heavy volume, the upward trend remains intact.
2. Divergence in U.S. stocks: Last Friday, U.S. stocks showed a split performance; the Nasdaq was supported by AI leaders, but Intel's poor earnings left the semiconductor sector looking a bit weak. The sentiment in U.S. stocks is being transmitted to the crypto market through ETFs, leading to a cautious stance among investors.
3. Positive news for the Nasdaq: The Nasdaq plans to relax the position limits on Bitcoin ETF options, which is a long-term positive for institutional entry.
💡 Operational thoughts:
We are currently in a silent period where "a storm is brewing." This week, there will be a wealth of macro data from U.S. stocks; it is recommended to closely monitor the stability at $90,000. If it can break through with volume, the upside potential will be fully opened; if it struggles to break through, caution is advised for a pullback to the $85,000 range.
Summary: Hold spot patiently, and avoid extreme volatility during late-night hours on contracts. At this position, preserving profits is just as important as chasing highs.
#BTC #cryptocurrency #BinanceSquare #marketAnalysis #USStocks
Do you think the $BTC can hold above 90,000 this week?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
87,707.76
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