Bitcoin plummeted over 5%, hitting a low of $85,663, with the latest report at $86,215 Deviating from the 21-day moving average of $91,592, indicating potential bearish pressure The close on Monday may fall below the key support level that sellers are watching If the closing price is below $86,760, it will enter the Bollinger descending channel Breaking below $85,526, which is the 78.6% Fibonacci retracement level from the historical high, will be more bearish From there, the psychological level of $80,000 will become the target; stop-loss may be triggered $BTC
Global market crash, even gold is not spared, what is the reason?
US stocks plunged, Hong Kong stocks fell sharply, A shares also dropped, Bitcoin briefly fell below $86,000, and even safe-haven gold continued to decline. All risk assets seem to be pressed down by the same invisible hand, collapsing simultaneously. This is not a crisis of a particular asset, but a systematic resonant decline in the global market. What exactly happened? Global markets are plummeting, and everyone is comparing their losses. After experiencing 'Black Monday', the US stock market has once again seen a significant drop. The Nasdaq 100 index plummeted nearly 5% from its intraday high, ultimately closing down 2.4%, with a pullback from the record high on October 29 expanding to 7.9%. Nvidia's stock price rose over 5% at one point before closing down, and the entire market evaporated $2 trillion overnight.
The performance of $ETH continues to weaken. According to Binance's real-time data, the current price of ETH fluctuates near a key support level, and the trading volume has not shown significant expansion, indicating insufficient buying power. The following points highlight bearish signals in the market: Weak price trend: After a recent rebound, it failed to break through the upper resistance and instead fell back again, forming a short-term downward channel. Technical indicators are bearish: Moving averages show that the short-term moving average has crossed below the long-term moving average, and the RSI indicator is also in a neutral to slightly lower region, indicating insufficient momentum. Market sentiment is cautious: The overall cryptocurrency market is under pressure, with limited capital inflow amid Bitcoin's adjustment, putting pressure on ETH's capital. Key support test: If it breaks below the current support level, it may further probe into a lower range, triggering more stop-loss orders. #Binance Contract Real-time