Analysis: Currently, neither BTC long nor short positions are fully in control of the situation, and the key threshold for reversing market sentiment is US$90,000.
Internet reports that after several consecutive days of consolidation, neither long nor short positions have been able to fully control the situation and currently fluctuates between US$83,000 and US$86,00. This hesitation reflects the uncertainty prevailing in global financial markets. Although holding on to the support level of $83,000, Bitcoin bulls have not been able to recover the key moving average that signals a new round of momentum. Failure to hold on to this price level may trigger a new round of selling; if the bears regain control, it will push Bitcoin down to $80,000 (or even lower).$90,000 remains the key threshold for Bitcoin bulls to recover to reverse market sentiment, while the $81,000 area is the key bottom in the near term.
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