Last night, the Nasdaq hit a new high, but BTC failed to break higher and fell back again. What’s next?
Although both US stocks and BTC are risk assets, the money behind them is different. US stocks are supported by AI orders, corporate earnings, and buybacks, so capital is willing to chase certainty.
BTC rose from $57,800 to $87,000 mainly relying on ETF inflows, short covering, and sentiment recovery. At $85,000-$88,000, both trapped positions and bottom profit-taking are realized, making further gains naturally more difficult.
There were two attempts to break $87,000 on the 4-hour chart, both rejected, but the price still holds above $83,800-$84,200, with MA120 and MA200 continuing to rise.
So this is not a top, but a high-level rotation after a failed breakout.
ETFs still have capital inflows, but BTC can’t surpass $87,000, indicating institutions haven’t retreated, but selling pressure above is heavier than expected.
Next, focus on three levels:
$86,000-$87,400 is the resistance zone;
$83,800-$84,200 is the first support;
$81,500-$82,000 is the trend defense line.
Only a strong close above $87,400 on volume counts as a bullish shift; if US stocks and ETFs continue strong but BTC falls below $82,000, that is a true bearish signal.
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