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Analyst Ali Martinez points out that $86,000 remains a crucial price level for Bitcoin to hold; a breach of this support level could lead to a more significant pullback.
The market is pausing briefly ahead of a series of macroeconomic data releases in the coming days, with investors closely watching a range of employment indicators
including the unemployment rate, ADP employment data, and weekly initial jobless claims. They will also be watching November inflation data and the possibility of a yen interest rate hike.
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