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BiyaPay Analyst: BTC falls to 82,000 USD, key weekly support at 74,000.

According to Shenchao TechFlow, on November 21, Bitcoin weakened further, hitting a low of $82,000, which is over a 35% pullback from the October high. The technical analysis shows that BTC has broken below the weekly trend structure, with $82,000 to $86,000 as the current core support area; if it breaks below this, the next weekly support level is at $74,000. The liquidation heatmap indicates that $93,000 is a strong short-term resistance level, and breaking through this will signal a stabilization in sentiment. On the funding side, the US Spot Bitcoin ETF continues to see significant net outflows, indicating a decrease in risk appetite; on a macro level, weakening expectations for interest rate cuts and a pullback in US tech stocks are also jointly suppressing BTC's market performance.

BiyaPay analysts point out: Currently, Bitcoin has entered a high volatility range, with key observation points at $82,000 and $74,000 support. Once it stabilizes, the subsequent rebound space can be reassessed; if it breaks through $93,000, the short-term trend will clearly recover.

In the current phase of increased volatility across multiple assets, users can trade USDT for U.S. stocks, Hong Kong stocks, and futures through BiyaPay, enabling rapid portfolio adjustments across markets; at the same time, BiyaPay also supports zero-fee digital currency Spot contract trading, providing users with a more efficient and low-cost allocation method in a fluctuating market.

BTC-0.03%
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