Analyst: Bitcoin's key support level is at $86,000; a breach could trigger a deeper correction

Jinse Finance reported that Bitcoin fell below the $90,000 mark this Sunday, and the overall cryptocurrency market remains weak. Analyst Ali Martinez pointed out that $86,000 is still a key level that Bitcoin needs to hold; if this support level is lost, a larger correction may occur. The market has paused ahead of a series of macroeconomic data releases in the coming days. Investors will closely watch a range of employment indicators, including the unemployment rate, ADP employment data, and weekly initial jobless claims. Attention will also be paid to November inflation data and the yen interest rate hike. Currently, the cryptocurrency market remains in a range-bound state, with low trading volumes and limited market confidence.