Bitcoin has held above 86,000 for two days. After hitting 87.4k on the 21st, on the 22nd it only dipped 0.5% and closed at 86.2k. The low tested 85.1k, where it was bought up immediately, but trading volume shrank to 207,000 coins—about half of what it was on the breakout day.
This time it’s different from the prior consolidation above 80k. Last time it went sideways for three days before being pushed back. This time, after a 6.7% rise, it digested the move at high levels on reduced volume; sell pressure is clearly lighter. Not falling at the highs is the strongest statement from the bulls.
My view is very straightforward: 85k is the lifeline for this wave. If it holds, we’ll keep looking toward 90k. This level is also where you can add on a pullback. If it breaks below 85k and does so with increased volume, it indicates funds are starting to withdraw—then you should cut positions. For now, hold what you have and don’t get shaken out during the chop.
#比特币 #BTC #market analysis
This time it’s different from the prior consolidation above 80k. Last time it went sideways for three days before being pushed back. This time, after a 6.7% rise, it digested the move at high levels on reduced volume; sell pressure is clearly lighter. Not falling at the highs is the strongest statement from the bulls.
My view is very straightforward: 85k is the lifeline for this wave. If it holds, we’ll keep looking toward 90k. This level is also where you can add on a pullback. If it breaks below 85k and does so with increased volume, it indicates funds are starting to withdraw—then you should cut positions. For now, hold what you have and don’t get shaken out during the chop.
#比特币 #BTC #market analysis