Standard Chartered Bank: If BTC falls below the support level of $90,000, it will face a 10% pullback risk.

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Golden Finance reported that Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, warned that if BTC falls below $90,000, a downward trend may occur. In a note on Tuesday, Kendrick highlighted that there is a "convex risk" due to the increased likelihood of liquidation of spot exchange-traded funds, which could push the BTC price below $80,000 in the near term. Kendrick said, "We believe that if BTC falls below $90,000, it will lead to a further 10% decline in the short term, dropping to just over $80,000. The prices of all other digital assets may also fall accordingly. Once the pullback is over, we recommend accumulating long positions again."

BTC-1.04%
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