1. Bitcoin Price Dynamics

· Key Event: The price of Bitcoin broke the $89,000 mark during today’s trading session.

· Latest Status: As of the time of writing, the price has rebounded and has re-entered the $90,000 level.

2. Market Impact and Chain Reactions

· Liquidation Situation: In the past 24 hours, significant market fluctuations have led to a total liquidation amount of $109 million across the network, with short sellers slightly outnumbering long sellers. Approximately 96,000 traders have encountered liquidations.

3. Statements from Key Institutions and Market Analysis

· Important Signal: The CEO of Strategy, the publicly listed company holding the most Bitcoin globally, has publicly stated that the company plans to hold its Bitcoin assets until 2065 and will not sell due to short-term fluctuations, aiming to stabilize market sentiment.

· Technical View: Some analysts point out that Bitcoin is currently still in an 18-month “cup and handle” adjustment pattern.

· Key resistance level is around $100,308.

· Key support level is around $80,755; if it breaks below this, it may further decline.

📊 What to Watch Next

After the market digests the short-term selling pressure, attention may shift to the following areas:

· Key Price Levels: The market may repeatedly contend around the $90,000 mark in the short term. Watch for effective breakthroughs of the key resistance at $100,308 above; below, pay attention to whether the important support at $80,755 holds.

· Institutional Movements: Long-term holding statements from companies like Strategy may influence the decisions of other large investors, thereby reducing short-term selling pressure in the market.

· Macroeconomic Environment: The correlation between the cryptocurrency market and traditional financial markets is increasingly close, so it is essential to pay attention to global macroeconomic data, monetary policy expectations, and other external factors affecting overall market risk appetite.

Overall, the market shows signs of stabilization after significant fluctuations, with positive signals attempting to calm sentiment, but the technical aspects still face challenges at critical levels. #比特币VS代币化黄金 #美SEC推动加密创新监管 #美联储重启降息步伐