Bitcoin (BTC) Eyeing Breakthrough Above $88K as Liquidity Nodes and Macro Uncertainty Fuel Short-Term Volatility

COINOTAG News, December 2 — Macro cues are re-pricing risk in crypto. The ISM Manufacturing PMI for November came in at 48.2, marking the ninth straight contraction and keeping rate-cut expectations in focus amid recession fears and policy ambiguity surrounding a potential shadow chair influence on the Fed.

In crypto, BTC rebounded to near $87,000 after a dip, yet structure remains fragile. A clear break above $88,000 would be constructive; failure invites a test of support near $85,000.

Liquidity hints show short liquidations around $88k and long positions near $85.5k–$83.8k, underscoring ongoing volatility. The near-term path depends on liquidation density versus evolving macro sentiment.

Analysts say policy uncertainty and inflation risk are shaping repricing pressures. Investors should monitor fund flows, volatility, and policy signals for the next structural move.