Analyst: The key support level for Bitcoin is at $86,000. If it falls below this level, it may trigger a deeper correction

According to CoinDesk, Bitcoin fell below $90,000 on Sunday, with overall investor risk appetite limited ahead of important economic data releases and central bank meetings next week.

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 may face a deeper correction.

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