The pullback of Bitcoin today was actually anticipated, but with the added influence of rising expectations for a yen interest rate hike, there is some uncertainty about whether the short-term support level can hold.
From the Bitcoin URPD chart, it can be seen that there is a large accumulation of on-chain chips around 85,000, so 85,000 may still play a supporting role. If it can hold above the short-term support level of 85,000, then the probability of Bitcoin continuing to rebound to 96,000 will be relatively high.
If it falls below 85,000, it may test the low point of November 21.
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.
4 Likes
Reward
4
10
Repost
Share
Comment
0/400
CompositeMaterials
· 12-01 13:21
Just go for it 💪
View OriginalReply0
CompositeMaterials
· 12-01 13:21
Hold on tight, we are about to To da moon 🛫
View OriginalReply0
FuckSquid
· 12-01 13:21
Just go for it 💪
View OriginalReply0
FuckSquid
· 12-01 13:21
Quick, enter a position! 🚗
View OriginalReply0
FuckSquid
· 12-01 13:21
Hold on tight, we are about to To da moon 🛫
View OriginalReply0
CompositeMaterials
· 12-01 13:21
Quick, enter a position! 🚗
View OriginalReply0
CompositeMaterials
· 12-01 13:20
Traveling is definitely the best way to embellish life.
#Gate广场圣诞送温暖,就有机会赢
The pullback of Bitcoin today was actually anticipated, but with the added influence of rising expectations for a yen interest rate hike, there is some uncertainty about whether the short-term support level can hold.
From the Bitcoin URPD chart, it can be seen that there is a large accumulation of on-chain chips around 85,000, so 85,000 may still play a supporting role. If it can hold above the short-term support level of 85,000, then the probability of Bitcoin continuing to rebound to 96,000 will be relatively high.
If it falls below 85,000, it may test the low point of November 21.