BTC Alert: Is a Correction to $85K Imminent? 📉
Bitcoin is showing signs of exhaustion after failing to sustain its momentum above $94K. Based on current market research, we might be heading toward a significant "cool-off" period.
Key Reasons for Caution:
Macro Pressure: The Fed’s latest stance remains less "dovish" than expected, keeping high-risk assets like BTC under pressure.
The Yen Factor: Potential rate hikes from the Bank of Japan (BoJ) this week could trigger global sell-offs as investors close "carry trade" positions.
Technical Support: If BTC breaks below the $88,000 support level, on-chain data suggests a quick slide toward the $85,000 zone.
Stay sharp and watch the volume closely. Volatility is expected to spike as we approach the year-end.
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⚠️ DISCLAIMER:
This post reflects my personal opinion and is for educational/informational purposes only. I am not an Economic or Financial Advisor. Please conduct your own research (DYOR). I am not responsible for any profits or losses resulting from your decisions based on this content. Crypto trading involves high risk.