#BTCRebound

Bitcoin Market Analysis

BTCUSDT is approaching trend resistance, and several factors are worth considering:

*Technical Analysis*

- Bitcoin is testing trend resistance and may test the liquidity zone and risk zone for sellers.

- The price movement is smooth, gradual, and consolidating, which could lead to a test of liquidity between $84.7K and $88.8K.

- On the weekly chart, the price is in a trading range between previously broken global consolidation support and current support.

- Short bodies and long shadows indicate consolidation.

*Fundamental Analysis*

- The cryptocurrency market has not received any positive news over the past week.

- The recent growth can be attributed to the 90-day technical break by Trump, but there are several nuances:

- The situation is not fully resolved.

- The US is preparing more thoroughly for the situation.

- Escalating conflict between the US and China is driving investors to less risky assets like gold.

- Rumors of a US interest rate cut may provide support.

*Key Levels*

- *Resistance Levels:* $84,700 and $88,800

- *Support Levels:* $78,