[Block Rhythm] Today Bitcoin took another roller coaster ride. On December 1st, it once fell below the $86,000 mark during the trading session, currently hovering around $86,016. In the past 24 hours, it has retraced nearly 6 points, with a drop of 5.91%. This adjustment came quite quickly, and those holding coins may need to keep an eye on the market.
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.
18 Likes
Reward
18
8
Repost
Share
Comment
0/400
StealthMoon
· 6h ago
It has fallen again, the coins in my hand are shrinking, who can withstand this pace?
View OriginalReply0
UnluckyValidator
· 19h ago
It has fallen again and again, my goodness, who can handle this tempo?
View OriginalReply0
ShadowStaker
· 12-01 04:50
tbh this 6% dump is honestly just noise at this point. validator attrition probably hitting harder than any price action rn ngl
Reply0
EternalMiner
· 12-01 04:49
Here it comes again, this rhythm is really amazing, I haven't even caught my breath yet.
View OriginalReply0
EyeOfTheTokenStorm
· 12-01 04:42
According to my quantitative model, this 6% retracement is actually a standard technical bottoming process. Historical data tells us that now is an excellent time for day trading.
---
It's another roller coaster ride, but from a macro cycle perspective, this is nothing compared to the fluctuations in 2017.
---
Does the 86K position have any special significance, or is the market just acting up again...
---
Watching the market while holding coins doesn't help much at this point. Instead of being anxious, it's better to look at historical trends; such adjustments have occurred many times before.
---
Don't be fooled by the short-term decline; the key is to look at trading volume and on-chain data to determine whether this is a real adjustment or a quick rebound.
---
What's wrong with 5.91%? I'm already used to this kind of fluctuation, and I'm actually wondering if it's time to enter a position next?
---
The market structure has changed; Bitcoin is different now and we need to adopt a new mindset to view these fluctuations.
---
What's the point of watching the market? To really make money, you need to rely on technical analysis and a bit of luck; it's purely a test of mentality.
View OriginalReply0
ParallelChainMaxi
· 12-01 04:41
Here it comes again, this wave of fall is still unbearable.
View OriginalReply0
MEVictim
· 12-01 04:38
It fell again, I knew it would be like this, I was still talking about it yesterday.
View OriginalReply0
TradFiRefugee
· 12-01 04:23
Here it comes again, same old trap... let it fall if it wants, I’m used to it anyway.
BTC fell below $86,000 with a 24-hour pullback of nearly 6%
[Block Rhythm] Today Bitcoin took another roller coaster ride. On December 1st, it once fell below the $86,000 mark during the trading session, currently hovering around $86,016. In the past 24 hours, it has retraced nearly 6 points, with a drop of 5.91%. This adjustment came quite quickly, and those holding coins may need to keep an eye on the market.