$BTC is facing the most dangerous tug-of-war battle between bulls and bears!
What I see in the market news right now can be summed up in one sentence: Trump and Powell are playing a duet, but Powell is the one holding the script. Trump calls every day for a change in the Federal Reserve chair, but the Constitution stipulates that the president has no such power; Powell can comfortably stay until 2028. Now inflation is almost touching 3%, and Trump has to bear a large part of the blame for his own tariff war, yet he is forcing the Federal Reserve to cut interest rates. Doesn’t this operation resemble a tyrant forcing the central bank to clean up after him? However, the stablecoin legislation in the middle of the month is a key point; if this doesn’t go well, it could turn the table. The Middle East has calmed down for now, and there’s no major thunderstorm.
On the technical side, it’s currently a bear market. The 4-hour chart for Bitcoin shows two long upper shadows, clearly indicating that there’s a mountain of resistance above, followed by a direct decline. The MACD red bars are almost gone, and the fast and slow lines are nearly touching the zero axis, showing a visible exhaustion of momentum. On the daily MACD, there’s a direct death cross, and the bears are clearly gaining the upper hand.
Remember these specific levels: the upper range of 108000 to 108820 is a danger zone, with the trend line pressing down and the Fibonacci 38.2% retracement level, making it extremely difficult to break through. For the downside, first look at the short-term support between 106750 and 106000; if it falls through, it will directly head towards the strong support area of 105000 to 103000. Given the current market situation, bulls shouldn’t rush to catch the bottom, and bears shouldn’t chase after the rise; it’s safest to stick to the technical levels.
Do you think following is just for a look? Click on my avatar to follow, and I'll provide you with buying and selling points directly, top strategies available at any time, breaking the information gap just like that!
