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.

BTC0.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
TokenCreatorOPvip
· 19h ago
The 90,000 level is really being hammered down hard, it feels like the big players are guarding it there.
View OriginalReply0
LootboxPhobiavip
· 12-20 01:59
The 90k level is indeed tricky; it feels like big players are guarding that area.
View OriginalReply0
DAOTruantvip
· 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.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)