Is Bitcoin really going to 90,000? Why is it still falling?

From a macro perspective

Firstly, if we look at the global capital markets, on November 4th, everything is falling, even the new highs in Japanese and Korean stocks are falling, and U.S. stocks are also falling in pre-market.

Second, first is the interest rate cut. Last Wednesday, the Federal Reserve spoke, and the certainty of a rate cut in December seems to have decreased, suggesting that there is no urgent need to cut rates.

Thirdly, the ETF also experienced a net outflow, with a net outflow of 802 million for the Bitcoin US stock ETF last week, and another net outflow of 180 million USD on Monday, November 3.

Fourth, on November 5, there is another matter, which is that the U.S. Supreme Court will hold oral arguments for the "tariff trial" to examine the legality of Trump's global tariffs. The uncertainty lies in the fact that if the final ruling opposes Trump, the tariffs may be canceled, which could lead to new policy adjustments.

Five, the U.S. federal government "shutdown" has entered its 35th day, matching the longest "shutdown" record in U.S. history. The government closure has led agencies to hedge against high-risk assets, triggering sell-offs.
Brothers who trade, be cautious in your operations and manage your profits and losses well.