I said yesterday that $BTC is currently testing the range. Whether it can break out of this consolidation phase mainly depends on whether it can hold one level: 81,000.
If it holds 81,000, it will likely continue moving upward and try to break through toward 88,000 again. If 81,000 fails, bearish sentiment will spread further, and the price could pull back to even lower levels.
So this is now the most intense phase of the battle between bulls and bears, and #大饼 will be the dividing line between them over the next few months.
I think the price is likely to move toward 80,000 in the short term. Overall, expectations of an interest rate hike in December are growing, geopolitical tensions are escalating, and risk aversion is strong. As a major cryptocurrency, Bitcoin is seeing net outflows, so it could reach the support level of #比特币ETF单日净流出2.44亿美元 sooner than expected.
If it holds 81,000, it will likely continue moving upward and try to break through toward 88,000 again. If 81,000 fails, bearish sentiment will spread further, and the price could pull back to even lower levels.
So this is now the most intense phase of the battle between bulls and bears, and #大饼 will be the dividing line between them over the next few months.
I think the price is likely to move toward 80,000 in the short term. Overall, expectations of an interest rate hike in December are growing, geopolitical tensions are escalating, and risk aversion is strong. As a major cryptocurrency, Bitcoin is seeing net outflows, so it could reach the support level of #比特币ETF单日净流出2.44亿美元 sooner than expected.