Looking at the recent BTC trend, it has been strongly rejected at the 86,800 level several times, with each rebound facing resistance. My judgment is that this rebound may be coming to an end, and there is a high probability of a significant decline next.
From a technical perspective, the previous support at 80,600 is a key level, and I believe a break below it is highly likely. Looking downward, the target is around 79,000, and it could even directly dip below 80,000.
The situation with ETH is similar. If BTC moves this way, Ethereum is also likely to follow with a further decline, with an expected correction around 2,800. Of course, the Federal Reserve's interest rate cut expectations are also influencing market momentum, and this factor cannot be ignored.
Overall, in the short term, attention should be paid to the pressure levels of these two coins. Once support is broken, the decline could accelerate.
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RooftopReserver
· 7h ago
86800 can't hold it down anymore, it should have dropped already.
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RetiredMiner
· 7h ago
This level at 86,800 keeps getting broken repeatedly, feeling a bit shaky indeed.
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GateUser-40edb63b
· 7h ago
86800, this threshold really can't be crossed, feels like it's about to break
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tokenomics_truther
· 7h ago
86,800 has been hit several times, this time it's really coming down.
Looking at the recent BTC trend, it has been strongly rejected at the 86,800 level several times, with each rebound facing resistance. My judgment is that this rebound may be coming to an end, and there is a high probability of a significant decline next.
From a technical perspective, the previous support at 80,600 is a key level, and I believe a break below it is highly likely. Looking downward, the target is around 79,000, and it could even directly dip below 80,000.
The situation with ETH is similar. If BTC moves this way, Ethereum is also likely to follow with a further decline, with an expected correction around 2,800. Of course, the Federal Reserve's interest rate cut expectations are also influencing market momentum, and this factor cannot be ignored.
Overall, in the short term, attention should be paid to the pressure levels of these two coins. Once support is broken, the decline could accelerate.