Bitcoin surges to $87,000, hits resistance and pulls back
This BTC rebound has reached a critical level.
On Friday, it briefly surged to $87,000, with the high touching about $87,200. But sell orders above were clearly evident, and it subsequently dropped to below $86,000. Data shows that strong resistance still exists around the $87,000 mark.
What’s interesting is that this rise also has an important catalyst:
U.S. September nonfarm payrolls added only 29,000 jobs, well below expectations, causing market expectations for further rate hikes by the Federal Reserve to cool quickly.
So right now, the market is effectively trading two threads:
👉 Macro: rate-hike expectations are cooling
👉 Technicals: sell pressure around $87,000
Good news is here, but the key moment has also arrived.
Next, we’ll see whether BTC can absorb the sell pressure above and reclaim levels around $87,000.
#BTC #比特币冲击8.7万美元遇阻回落
This BTC rebound has reached a critical level.
On Friday, it briefly surged to $87,000, with the high touching about $87,200. But sell orders above were clearly evident, and it subsequently dropped to below $86,000. Data shows that strong resistance still exists around the $87,000 mark.
What’s interesting is that this rise also has an important catalyst:
U.S. September nonfarm payrolls added only 29,000 jobs, well below expectations, causing market expectations for further rate hikes by the Federal Reserve to cool quickly.
So right now, the market is effectively trading two threads:
👉 Macro: rate-hike expectations are cooling
👉 Technicals: sell pressure around $87,000
Good news is here, but the key moment has also arrived.
Next, we’ll see whether BTC can absorb the sell pressure above and reclaim levels around $87,000.
#BTC #比特币冲击8.7万美元遇阻回落