CoinScoopGarrett Jin: Bitcoin consolidation continues amid rising macro risks
Garrett Jin stated in a weekly report that Bitcoin failed to break the $82,500 resistance after reaching $82,300 last week, signaling that the consolidation phase is far from over. Short-term spot demand has weakened, and heavy supply above $82,000 makes current risk-reward ratios for chasing rallies or shorting pullbacks unfavorable, though year-end prospects remain supported.
Summaries are written by AI from the original article. Not investment advice.