Analyst: The key support level for Bitcoin is at $86,000; if it is lost, it may trigger a deeper correction

According to CoinDesk, Bitcoin fell below $90,000 on Sunday, as investors' overall risk appetite remains limited ahead of the important economic data release next week and the upcoming central bank meetings.

Some analysts warn that if key technical levels are breached, Bitcoin's consolidation trend may turn downward. Crypto analyst Ali Martinez stated earlier on Sunday on the X platform that $86,000 remains a crucial level that Bitcoin must hold; if this support level is broken, the market could face a deeper correction.

Currently, the crypto market is still in a range-bound state, with low trading volume and limited trading confidence. Investors are awaiting the upcoming U.S. macro data and central bank policy decisions for clearer directional signals.