🔥 $BTC has repeatedly tested 87,570 and been rejected. What exactly is this wall?
⚡ Sunday’s close was around 86,500—the highest weekly close since late January—while $ETH lagged behind BTC
⏰ The newly released ISM Prices Index came in at 74.0, its highest reading since July 2022. $SOL and the entire crypto market need to keep an eye on this
🔍 The logic
1️⃣ What’s happening: Since late September, BTC has repeatedly tested this year’s opening price of 87,570. On Friday, it even climbed to around 87,100, only to be pushed back down an hour later
2️⃣ Why: This price is the “breakeven line” for people who entered the market at the start of the year. When the price reaches this level, those who are underwater want to exit. Meanwhile, buying momentum is slowing: U.S. spot funds saw net inflows of $241 million last week, down from $2.39 billion the week before, and the dollar is back at an 18-month high. There isn’t enough momentum to push higher
3️⃣ The good news: The 50-, 100- and 200-day moving averages are converging, potentially forming the first fully bullish alignment since 2025. The three-month recovery structure remains intact
4️⃣ What to watch: The ISM Services Index came in at 54.9 (versus expectations of around 55), while the Prices Index was hot at 74.0. If yields and the dollar continue to strengthen, they could weigh on BTC
🎯 Key levels: Above: 86,700, 87,570, 89,800 | Below: 85,000, 83,700, 82,500
Do you think BTC can break through the 87,570 wall this time? Share your thoughts in the comments 👇
#比特币 #币安推出BinanceIntelligence #深度思考
⚡ Sunday’s close was around 86,500—the highest weekly close since late January—while $ETH lagged behind BTC
⏰ The newly released ISM Prices Index came in at 74.0, its highest reading since July 2022. $SOL and the entire crypto market need to keep an eye on this
🔍 The logic
1️⃣ What’s happening: Since late September, BTC has repeatedly tested this year’s opening price of 87,570. On Friday, it even climbed to around 87,100, only to be pushed back down an hour later
2️⃣ Why: This price is the “breakeven line” for people who entered the market at the start of the year. When the price reaches this level, those who are underwater want to exit. Meanwhile, buying momentum is slowing: U.S. spot funds saw net inflows of $241 million last week, down from $2.39 billion the week before, and the dollar is back at an 18-month high. There isn’t enough momentum to push higher
3️⃣ The good news: The 50-, 100- and 200-day moving averages are converging, potentially forming the first fully bullish alignment since 2025. The three-month recovery structure remains intact
4️⃣ What to watch: The ISM Services Index came in at 54.9 (versus expectations of around 55), while the Prices Index was hot at 74.0. If yields and the dollar continue to strengthen, they could weigh on BTC
🎯 Key levels: Above: 86,700, 87,570, 89,800 | Below: 85,000, 83,700, 82,500
Do you think BTC can break through the 87,570 wall this time? Share your thoughts in the comments 👇
#比特币 #币安推出BinanceIntelligence #深度思考