Analysis: The market is closely watching several macroeconomic data releases next week; if BTC falls below $86,000, a larger correction may occur.

Odaily Planet Daily reports that the cryptocurrency market remained weak on Sunday, with Bitcoin falling below the $90,000 mark. The market appeared to pause briefly ahead of a series of macroeconomic data releases in the coming days. Investors will be closely watching a range of employment indicators, including the unemployment rate, ADP employment data, and weekly initial jobless claims, as well as November inflation data and the yen's interest rate hike. Currently, the cryptocurrency market remains range-bound with low trading volume and limited market confidence. Analyst Ali Martinez pointed out that $86,000 remains a crucial level for Bitcoin to hold; a breach of this support level could lead to a more significant pullback. (CoinDesk)