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FeaturedBTC Returns to the 80K Mark: No Panic Yet, Bottom Still to Be Confirmed
Over the past ten-plus days, BTC has tested 80K several times. Initially, each time the price approached 80K, it was able to rebound to 82K or even 85K. But the last few rebounds have gradually lost their sustained upward momentum. In particular, the rapid rise toward 85K on October 21 failed to hold the new rebound high, and the price quickly and steadily fell back, continuing to plunge over the weekend. (Most likely an extension of panic selling by retail traders.) Yesterday, BTC once again closed above the 80K

#​BTC争夺8万美元关口
Brothers with no positions are fortunate during this period: you don't have to watch your holdings and endure the grind as you wait for prices to rise (shorts who can take profits are even happier). For longs, this has been extremely grueling. Setting stop-losses means continuously eroding your principal, while those using high leverage without stop-losses are bound to get a “check-in email.” It’s tough and exhausting. But one thing is certain: before the FOMC meeting, BTC is unlikely to rise, and judging by the results, it also seems unlikely to fall much! On-chain spot data an