Interesting phenomenon. For three days in a row, this week has already been the fourth time pushing towards the $90,000 mark, but each time it gets pushed back. $90,000 feels like it's being tightly pressed down; whenever there's a sign of an upward move, it gets smashed down immediately. The performance of the US stock market has actually been quite good these days; the Nasdaq has already recovered the entire decline from early in the week, and it's this strength in the US stocks that's causing some emotional correlation with BTC. But here's the problem — as US stocks are still rising, how much longer can they support the market sentiment? If US stocks suddenly turn downward, the crypto market's days will be even harder. I looked at the ETF data trend, and this resistance level is indeed not easy.
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TokenCreatorOP
· 19h ago
The 90,000 level is really being hammered down hard, it feels like the big players are guarding it there.
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LootboxPhobia
· 12-20 01:59
The 90k level is indeed tricky; it feels like big players are guarding that area.
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DAOTruant
· 12-20 01:56
90,000 is like the ceiling, crashing over and over again... The US stock market can't seem to break this barrier, so we hold our breath even tighter.
Interesting phenomenon. For three days in a row, this week has already been the fourth time pushing towards the $90,000 mark, but each time it gets pushed back. $90,000 feels like it's being tightly pressed down; whenever there's a sign of an upward move, it gets smashed down immediately. The performance of the US stock market has actually been quite good these days; the Nasdaq has already recovered the entire decline from early in the week, and it's this strength in the US stocks that's causing some emotional correlation with BTC. But here's the problem — as US stocks are still rising, how much longer can they support the market sentiment? If US stocks suddenly turn downward, the crypto market's days will be even harder. I looked at the ETF data trend, and this resistance level is indeed not easy.