🔥 🔥Bitcoin pulls back to $90,000: Natural correction or warning sign?
Bitcoin saw a brief surge on Friday morning, reaching near $92,000, but buying pressure was not strong enough to sustain the move, causing BTC's price to quickly decline and trade around $90,300.
🔹Market sentiment remains "cautious":
While indices such as Nasdaq and S&P 500 continue to rise, Bitcoin has failed to break out similarly, suggesting capital may be temporarily moving away from crypto and reallocating to stocks, commodities. Gold and crude oil both recorded notable gains during the same period, while crypto has seen a slight cooling.
🔹A major factor affecting BTC is U.S. employment data. According to the latest report, job creation came in below expectations, which will make the Fed hesitant to cut interest rates, causing investors to become more cautious toward risk assets like Bitcoin.
🔹From a technical perspective, $90,000 remains a key psychological support level. If BTC holds above this level, it indicates the market remains stable and not yet ready for a major reversal. But if this support is lost, the market could "turn into a bloodbath".
💬 Many believe this may simply be a correction after the rapid rise earlier this year, and does not necessarily signal a prolonged downturn. Bitcoin failing to maintain higher levels is not entirely unexpected in today's highly volatile market environment.
📌 What do you think?
🔹 Will BTC hold above $90,000 and prepare for a new breakout?
🔹 Or is this just the beginning of a deeper correction cycle?
