BTC price pressure, where does the market go from here?

Currently, Bitcoin is on a downward trend, market sentiment is tense, and whether it can hold the key support level remains to be seen.

The global situation is turbulent, with Trump imposing additional tariffs after taking office, intending to increase fiscal revenue and alleviate debt pressure, yet this has intensified international disputes and triggered severe fluctuations in financial markets. Domestically, Musk's reform controversies continue, and auditing actions have created uncertainty in the market. History proves that political games are complex, and exchanges of interests are inevitable, with many variables still to come.

At the same time, Russia's tariff increases on cars from country C have worsened the situation. Looking back at history, intense conflicts have never been absent in great power struggles; the key lies in how to respond.

Technical analysis of Bitcoin

Currently, BTC has broken below its life line, with bears dominating and each rebound being limited in strength; the trend has not fully reversed. However, from the candlestick analysis, there is still capital supporting the price, and MACD is about to form a golden cross, which may provide short-term support. The lower support level is 95,600, and the upper resistance level is 99,600. The market is currently in a triangular consolidation range, and a directional choice is imminent.

From the long-short ratio, long positions are increasing, and if a short-term spike occurs, it may gather strength for a new round of upward movement. However, due to the current high volatility in the market, heavy contract trading is not recommended; a conservative strategy is key.

Spot investors can patiently hold their positions and wait for the market to recover. The crypto market is highly correlated with US stocks; if US policies bring new changes and the economy improves, it may help extend the bull market. Otherwise, market adjustments will continue. At this stage, surviving is the most important, and cautious responses are essential. What do you think?

In the primary market, there are thousands of golden dogs; which one you can catch is the real one. Personally, I feel that the Trump-themed dog coin—Conan (last four digits: xBQt) has great potential, and it officially launched on the Solana chain on January 24! It is also driven by Ethereum's strong community, with consensus and experience to persist.

Conan is also the only dog in history to have been awarded the 'Presidential Hero Medal,' having achieved outstanding military accomplishments in special operations, and was received by Trump at the White House. The future potential is significant, so those interested can consider positioning themselves.