TechFlow news, November 27: QCP published an analysis stating that Bitcoin has found support following a moderate rebound and is currently trading at the $90,000 high level. This rally primarily benefited from improved risk sentiment, slight gains in the stock market, and rising market expectations for a December rate cut, now reaching 85%.
On the macro front, inflation remains elevated, labor market data continues to weaken, and unemployment rates are rising. Federal Reserve officials are showing divergent views, with four supporting rate cuts, two remaining neutral, and six still opposed.
Crypto ETFs continue to record net outflows, multiple digital asset products have faced liquidation, and most products are trading below their net asset value. MicroStrategy has reemerged as a focal point, with its Bitcoin holdings nearing the break-even point and its stock facing potential removal from the MSCI index.
Options markets reflect cautious sentiment, correlation between Bitcoin and AI stocks is increasing, and the fear & greed index has declined. From a technical perspective, Bitcoin may encounter ETF-related selling pressure near $95,000, while the $80,000–$82,000 range below remains a key support zone.
