Key Market Forces:
Failed $83K Breakout: BTC couldn't sustain above $83K, showing potential exhaustion.
$80K Psychological Support: Currently the line in the sand; losing it could mean retesting $76K, $71K, or even $65K.
Tariff Pause Bull Trap? Trump’s 90-day pause gave BTC a brief boost, but the harsh China-specific tariff may stir more uncertainty.
Inflation & Fed Policy: Markets are eyeing the April 10 CPI data and the May 7 FOMC meeting. If inflation remains hot, BTC could suffer alongside other risk assets.
Technicals in Focus:
Supports:
$76K (365-day MA)
$71K (Realized Price)
$65K (True Market Mean)
Resistance:
$87K (200-day MA)
$93K (STH cost basis)
$109K (Previous ATH)
What to Watch Next:
April CPI data reaction.
Fed's stance in early May.
Trade war escalation (especially with China).
Whether BTC holds $80K — or loses it and slides into a broader correction.
Would you like me to keep you updated with fresh news or technical signals around Bitcoin as this situation evolves?
