Market Update

The crypto market remains sensitive to U.S. tariff headlines, impacting Bitcoin's price action despite a favorable U.S. CPI report. The ongoing U.S.-Canada trade tensions have added to market uncertainty, leading to choppy movement.

Currently, BTC is consolidating below key resistance at $84.3K (Monthly Open) and the orange trendline. A confirmed breakout above this level could trigger a move toward $86K (CME Gap). However, failure to break out may result in a pullback to the lower channel around $78K – $79K.

Monitoring price action closely for confirmation of the next trend. Stay cautious.