$BTC Rejects $87,000 Again: Is a Deeper Retracement Looming While Stocks Surge?
$BTC was turned away at the critical $87,000 resistance level for the third time since September 23, pulling back toward $85,600.
This rejection highlights a noticeable divergence between traditional finance and crypto markets:
1- Macro Strengths: The Nasdaq continuously sets record highs, while rising Treasury yields keep macro liquidity tight.
2- Crypto Resistance: Heavy seller supply sitting around the $87,000 level continues to cap upside momentum for $BTC in the short term.
Key Trading Perspectives
>> Bulls: Need to defend support around the $85,000–$85,500 zone to maintain momentum for another breakout attempt toward $87K.
>> Bears: Looking for a sustained breakdown below $85,000 to trigger a broader market correction across major altcoins.
What’s your next move—are you buying this dip or waiting for a clear breakout above $87,000? Let me know in the comments!
#writetoearn #bitcoin #BTC #Write2Earn #cryptotrading
$BTC was turned away at the critical $87,000 resistance level for the third time since September 23, pulling back toward $85,600.
This rejection highlights a noticeable divergence between traditional finance and crypto markets:
1- Macro Strengths: The Nasdaq continuously sets record highs, while rising Treasury yields keep macro liquidity tight.
2- Crypto Resistance: Heavy seller supply sitting around the $87,000 level continues to cap upside momentum for $BTC in the short term.
Key Trading Perspectives
>> Bulls: Need to defend support around the $85,000–$85,500 zone to maintain momentum for another breakout attempt toward $87K.
>> Bears: Looking for a sustained breakdown below $85,000 to trigger a broader market correction across major altcoins.
What’s your next move—are you buying this dip or waiting for a clear breakout above $87,000? Let me know in the comments!
#writetoearn #bitcoin #BTC #Write2Earn #cryptotrading