$BTC What do you think now?
After pulling back from above 87,000, it has been consolidating around 84,000 for several consecutive days.
1️⃣ Rallying and pulling back around 87,000, with short-term sideways movement
This move quickly rose from around 80k to above 87,000, marking a relatively large gain, followed by profit-taking. The current price is about 3.5% below the previous high, with no attempt to break through it again yet.
2️⃣ 84,000 is currently the key level
Over the past few days, the price briefly retested a low of 82,957 before recovering to around 84,000, indicating that there is still support below.
In the short term, focus on:
82,900—83,200: First support
84,000: Current battleground between bulls and bears
85,000—85,800: First resistance zone
Around 87,300: Strong resistance at the previous high
Current market analysis also identifies 85,000—85,800 as a clear selling-pressure zone in the near term.
3️⃣ Capital flows have not weakened significantly for now
From September 21 to 25, U.S. spot BTC ETFs recorded cumulative net inflows of approximately $2.39 billion; meanwhile, BTC balances on exchanges have recently declined, and large wallets still show signs of accumulation. This means there are not yet any particularly clear signs of capital withdrawal during the pullback.
BTC is not weak right now; it is consolidating after the rally. Therefore, as long as 83,000 holds and the price does not break below it on heavy volume, the pullback remains a buying opportunity.#GateBTC现货交易量跻身前三