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BTC: As of August 11, 2025, the current price of BTC is $121,600; yesterday's closing pattern was a "small bullish candle," and trading volume increased compared to the previous day, indicating a strengthening of short-term bullish momentum.

On-chain data shows that the price increase over the weekend has slightly boosted the turnover rate, mainly due to profit-taking from recent low-position builders, while other holders remain on the sidelines. It is worth noting that CPI data will be released on Tuesday, and the current market has a cautious outlook on inflation, which may bring some risk-averse sentiment in the short term.

According to URPD data, 1.464 million bitcoins are accumulated in the $103,500-$108,500 range; 1.608 million bitcoins are accumulated in the $93,500-$98,500 range.

Overall, Bitcoin has once again touched the $120,000 mark. Although it has not fully stabilized, $117,000 has been regarded by the market as a new support level, while the range of $112,000 to $116,000 has become a relatively safe chip area. Technical structure shows that Bitcoin is oscillating within a price channel, with key support below around $117,000 and primary resistance above around $125,000. If it successfully breaks through and stabilizes above this position, the next target may directly aim at $137,000; if it fails to break through, it may fall back to around $117,000 to seek support again.

ETH: Still maintaining a fluctuating upward trend, with a retreat and advance pattern, there is a high probability of new highs in the future.

BTC: As of August 4, 2025, the current price of BTC is $114,500; yesterday's closing pattern was a "small bullish candle," with relatively low trading volume, indicating a temporary advantage for bulls, but momentum has not fully released.

On-chain data shows that yesterday's turnover rate significantly decreased, and panic sentiment did not continue; the outflow of funds mainly came from short-term losing players, while early holders adopted a wait-and-see attitude.

URPD data shows that there are 1.512 million bitcoins accumulated in the $103,500 to $108,500 range, making it the first strong support level; in the $93,500 to $98,500 range, there are 1.625 million bitcoins accumulated, serving as the second strong support level.

Overall, the current price has successfully filled the critical gap area below $112,000. According to chip distribution data, this range is located between two major accumulation zones from the previous period, representing the "critical zone" of market supply and demand game. If a new round of chip turnover can form around $112,000, the possibility of challenging the highs again cannot be ruled out; conversely, if the buying power is insufficient and it breaks through support, Bitcoin may enter the strong support area between $103,500 and $108,500, where nearly 1.512 million bitcoin chips are supporting, providing strong defensiveness. Clearly, for traders, this pullback may be a good opportunity for bargain hunting.

BTC: As of July 29, 2025, the current price of BTC is $118,800; yesterday's closing pattern was a "small bearish candle", with an increase in volume, indicating short-term bearish strength.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 1,315 BTC ($157 million) yesterday, indicating stable institutional confidence. The turnover rate is moderate, with short-term holders active and long-term holders on the sidelines, leading to a stabilizing market sentiment.

According to URPD data, the range between $103,500 and $108,500 has accumulated 1.569 million BTC, becoming the first strong support level; the range between $93,500 and $98,500 has accumulated 1.641 million BTC, forming the second strong support level.

Overall, Bitcoin maintains a range-bound consolidation. Although the gap at $114,000 has been successfully filled, the gap at $112,000 remains unfilled. If there is difficulty in breaking through the previous high pressure in the short term, there may be a possibility of a second retest. Currently, the market exhibits short-term divergence, but the structure still leans bullish. Continued capital inflow, active rotation in altcoins, and support from institutional voices may suggest that after a market adjustment, there will be opportunities for a renewed upward movement.

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BTC: As of June 26, 2025, the current price of BTC is $107,800; the closing pattern yesterday was a "small bullish candle", accompanied by increased volume, indicating that bulls have made some short-term efforts, but the strength is limited.

On-chain data shows that the net inflow of Bitcoin ETF in the U.S. yesterday was 5,165 BTC (approximately $548 million), indicating stable institutional confidence, but the increase in turnover reflects active short-term funds, with market leaders mainly consisting of short-term players, while long-term players tend to adopt a wait-and-see attitude at the current price level.

On the macro level, geopolitical tensions in the Middle East over the weekend led to a withdrawal of Bitcoin as a safe-haven asset, putting pressure on the price, while U.S. stocks were unaffected due to the weekend closure and continued to rise this week. If U.S. stocks remain stable, Bitcoin may challenge the $110,000 mark.

Overall, this round of Bitcoin's rise is more inclined towards technical correction rather than structural reversal. There is a lack of significant positive drivers in the short term, coupled with limited liquidity, and the market may fall at any time due to changes in sentiment. It is recommended to continue monitoring the strong support range below, between $93,000 and $98,000, while the support strength at $100,500 to $105,000 is relatively insufficient, posing a risk of further decline.

Long-term entry points: $88,800-$89,100 range; $82,500-$82,800 range;

Position allocation recommendation: Long-term BTC should account for 50% of the total position;

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 19, 2025, the current price of BTC is $103,100; yesterday's closing pattern was a "small bullish candle," indicating increased confidence among bulls, with trading volume rising compared to the previous day, suggesting higher market participation. The closing pattern at 8 AM tomorrow is crucial, as it may form a "dark cloud cover" pattern. If confirmed, a short-term top signal will appear, indicating a risk of correction.

On-chain data shows that last week, Bitcoin spot ETF had a net inflow of $604 million, and Ethereum spot ETF had a net inflow of $41.59 million; indicating continued inflow of institutional funds.

On the macro level, Moody's downgrade of the U.S. credit rating has caused market volatility, compounded by Trump's policy statements, leading to market sentiment being driven by multiple factors. The Federal Reserve's dot plot for June and the expiration of tariff exemptions in July may bring uncertainty.

In summary, technical analysis shows that Bitcoin is at a critical stage. The $93,000 to $98,000 range is a strong support zone, remaining solid. The chips around $82,000 have largely been cleared, with remaining players mostly being long-term holders. The chips around $102,000 are primarily speculative short-term positions, making it difficult to form effective support. Bitcoin may form a "dark cloud cover" pattern on the daily level by tomorrow morning, and if confirmed, it may indicate a short-term top, with a potential for a larger correction. The opening of the U.S. stock market tonight and the closing at 8 AM tomorrow are particularly important, as they will determine the subsequent trend.

The information and data contained in this content are sourced from publicly available materials, aiming for accuracy and reliability; however, no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 9, 2025, the current price of BTC is $103,600; the daily closing pattern from yesterday was a "medium bullish candle," with trading volume increasing compared to the previous day, indicating strong bullish momentum.

On-chain data shows that yesterday, the U.S. spot Bitcoin ETF had a net inflow of 1,210 BTC (approximately $117 million), reflecting solid confidence among institutional investors; the turnover rate has decreased, and the stock of BTC on exchanges continues to decline, indicating limited selling pressure, with chips concentrating among long-term holders. The slight reduction in the $92,000-$97,000 range has not broken support.

On the macro level, the New Hampshire Strategic Reserve Bill, the Trump U.S.-UK trade agreement, and expectations of easing from Long Ge overshadowed Powell's pessimistic remarks.

In summary, the current market is driven by events, with FOMO sentiment pushing prices up, but monetary policy has not yet shifted to easing, and short-term volatility risks remain. Technically, $107,300 serves as the next resistance level. If positive news continues to develop, BTC is likely to challenge new highs, and ETH's subsequent rise also injects confidence into the market.

The information and data contained in this content are sourced from publicly available materials, aiming for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of May 6, 2025, the current price of BTC is $94,100; the daily closing pattern yesterday was a 'spinning top', indicating a fierce battle between bulls and bears, with bulls temporarily in control, but the trading volume is average, suggesting that bullish momentum has weakened. The weekly level 'shooting star' pattern indicates a bearish outlook, and caution is advised regarding bearish signals.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 4,516 coins (approximately $425 million) yesterday, indicating that institutional funds still have confidence in the current price, and the Bitcoin supply in the $92,000-$97,000 range has increased, suggesting that the market recognizes this range as support.

On the macro level, this week the market focus is on the Federal Reserve's interest rate meeting early Thursday morning. Before the meeting results are announced, market sentiment will remain cautious, and high volatility may continue.

Overall, Bitcoin may continue a short-term downward trend, with a recommendation to watch the $92,200 support level; if it breaks below, it may further test down to $88,000. It is essential to closely monitor changes in trading volume and the progress of macro events.

BTC: As of April 29, 2025, the current price of BTC is $94,900; from a daily perspective, yesterday's closing pattern was a "small bullish candle," with average trading volume, indicating that bulls are dominant but momentum is limited.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 6,310 BTC (approximately $591 million) yesterday, with institutional confidence continuing to strengthen, but the Bitcoin turnover rate is relatively low, reflecting cautious market sentiment.

On the macro level, on April 29, 2025, the state legislature passed Senate Bill SB1373 by a vote of 37 to 19, achieving the first joint approval of Bitcoin strategic reserves by the U.S. state-level House of Representatives and Senate. The bill has now been submitted to Governor Hobbs, who has five working days (until May 6) to decide its fate. Additionally, the U.S. GDP data set to be released on April 30 will likely trigger volatility, prompting some players to adopt a wait-and-see approach to avoid risks.

In summary, Bitcoin's current price is receiving strong support in the range of $92,000 to $97,000, with a high concentration of chips and a solid market foundation. On April 28, the U.S. spot Bitcoin ETF recorded a net inflow of 6,310 BTC (approximately $591 million), with institutional confidence continuing to rise. However, the long-short ratio is relatively low, reflecting insufficient market momentum, and it may maintain a volatile pattern in the short term. While there is hope for a challenge to new highs this week, daily technical indicators show signs of fatigue, raising doubts about sustained upward momentum. If the market remains strong, it may enter a consolidation phase; if momentum weakens, Bitcoin may face a certain degree of correction.

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of April 28, 2025, the current price of BTC is $94,500; from a daily perspective, yesterday's closing pattern was a "small bearish candle," indicating that market activity was insufficient due to low liquidity over the weekend, making it of limited reference significance. The weekly chart, however, closed with a "large bullish candle," accompanied by a certain volume, suggesting that bullish forces still dominate.

On-chain data shows that Bitcoin's trading volume and turnover rate were sluggish over the weekend, with low participation, reflecting a cautious market sentiment.

On the macro level, multiple variables will influence BTC's trend this week. The earnings reports from the four major tech companies and MicroStrategy will trigger market volatility, especially since MicroStrategy is a firm holder of Bitcoin; its earnings performance significantly impacts market confidence. Additionally, the first quarter GDP and March PCE price index data from the United States will be released, which will cause fluctuations in the dollar, indirectly affecting BTC prices. If the Bitcoin Strategic Reserve Bill in Arizona is passed, it will bring long-term benefits to BTC, but in the short term, it may also exacerbate market volatility.

Overall, Bitcoin's upward momentum this week is limited; even if there is a brief spike, its sustainability may not be strong. This week's trend may present a "rise then fall" pattern. In the next three weeks, the market may experience a certain degree of correction, but the extent of the correction is expected to be limited. For trendline traders, the correction may be a once-in-a-lifetime excellent opportunity.

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment made based on it is at your own risk.

BTC: As of April 25, 2025, the current price of BTC is $93,700; observing from the daily chart, yesterday's high close pattern appears to resemble a 'hanging man,' indicating a hesitant market attitude, suggesting that a significant amount of selling activity may have occurred.

On-chain data shows that a net inflow of $442 million into U.S. spot Bitcoin ETFs occurred yesterday, and institutional funds remain optimistic about the future market; however, turnover rate has decreased, indicating a reduction in market activity. According to URPD on-chain data, $96,300 serves as a strong resistance level, while $91,600 is a key support level. The current price is repeatedly contesting around $94,000.

On a macro level, the U.S. announced tariff reductions on some auto parts from Long Brother, which was followed by Long Brother's response regarding reduced tariffs on certain U.S. semiconductors and components. These messages have effectively alleviated market concerns over the trade war, boosting the cryptocurrency market. U.S. GDP and PCE data will be released on April 30, which is expected to have a significant impact on market sentiment.

Overall, based on URPD data, $96,300 is a strong resistance level for BTC, while $91,600 is an important support level. The current BTC price is repeatedly contesting around $94,000; without significant positive stimuli, Bitcoin may continue to fluctuate within the range of $91,600 to $94,500 in the short term. The upcoming release of U.S. GDP and PCE data on April 30 will be crucial in influencing market sentiment.

The information and data contained in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investments made based on it are at your own risk.

BTC: As of April 22, 2025, the current price of BTC is $88,400; the daily chart shows some bullish momentum. The closing pattern yesterday was a "small bullish candle," and the trading volume increased compared to the previous day, indicating a rise in market participation.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 4,479 BTC (approximately $381 million) yesterday, reflecting institutional big players' confidence in the market. There was no significant loosening in the chip distribution in the $85,000 to $86,000 range, and the sentiment of long-term holders in the $92,000 to $97,000 range remains stable, with limited short-term selling pressure.

On the macro level, although U.S. stocks are under pressure due to economic concerns, Bitcoin is strengthening against the trend, showcasing strong independent performance. The weakening U.S. dollar index also adds support for the rise. However, the upcoming Q1 GDP data at the end of the month may trigger market volatility, which requires close monitoring.

In summary, considering the recent net inflow of $381 million into the U.S. spot Bitcoin ETF yesterday, combined with the weakening U.S. dollar index and a low long-short ratio, the short-term outlook is bullish. Currently, Bitcoin is challenging the 200-day moving average and may temporarily rise to the resistance range of $91,700 to $92,200 in the short term. If successful in breaking through, the price may briefly spike to $96,000, but this position is very likely to trigger another significant pullback.

The information and data in this content are sourced from publicly available materials, aiming for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment made based on it is at your own risk.

BTC: As of April 21, 2025, the current price of BTC is $87,700; from the daily level, yesterday's closing pattern was a "star line" accompanied by a long lower shadow, indicating strong support below, with trading volume increasing compared to the previous day, showing an increase in market participation. The current price successfully stands above the 60-day moving average, but is under pressure from the 200-day moving average, indicating overall bullish strength.

On-chain data shows that last Sunday, the Bitcoin turnover rate hit a recent low (16,000 BTC/24 hours), reflecting insufficient market activity, but the support at $85,000 remains solid, and player confidence has not collapsed.

On a macro level, the market has shifted its focus to the upcoming release of the Q1 2025 GDP data this week, which will provide clear guidance for "recession trades." This week, tech giants Tesla and Alphabet will respectively release their earnings reports after the market closes on Tuesday and Thursday, and their performances may cause market fluctuations, affecting Bitcoin and other risk assets. The appointment of the new SEC chairman brings new hope for the crypto industry. The repeal of SAB 121 demonstrates a more friendly regulatory attitude. It is expected that in Q3 2025, the policies regarding spot Ethereum ETF staking will become clear, with a high possibility of approval.

Overall, there is a turning point in Bitcoin's technical outlook. On Monday morning, a large bullish candle broke through the 60-day moving average, but the 200-day moving average poses resistance. The short-term long-short ratio is relatively low, and the weakening US dollar index supports Bitcoin's further upward movement, targeting $88,000 to $92,200. The madman believes that macroeconomic uncertainty limits the upside potential, and this round is more likely a rebound rather than a reversal. If the resistance at $92,200 is not broken, the price may fall back to the range of $74,500 to $80,000.

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of April 12, 2025, the current price of BTC is $84,500; from the daily level, yesterday closed with a 'small bearish candle', and the trading volume was average, indicating limited market participation; at the weekly level, it closed with a 'medium bullish candle', and the volume has increased, showing that the bullish forces hold a certain advantage.

On-chain data indicates that the low liquidity over the weekend has led to increased price volatility, but the short-term upward oscillation trend continues.

On the macro level, the recent decline of the US dollar index has provided some support for Bitcoin. However, the misalignment of policy signals from the Trump team (such as the repeated rumors of a 90-day suspension of reciprocal tariffs) has increased market uncertainty. If the US dollar index continues to weaken, combined with the potential impact of GDP data at the end of this month, it could bring more upward momentum for Bitcoin.

Overall, Bitcoin still has the potential for further short-term increases, but it is currently only viewed as a technical rebound after an oversold condition; a trend reversal requires more confirmation.

The information and data in this content are sourced from publicly available materials, aiming for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment made based on it is at your own risk.

BTC: As of April 10, 2025, the current price of BTC is $81,500; a "big bullish candle" was formed at the daily level, with significantly increased trading volume, indicating a clear strengthening of bullish forces.

On-chain data shows that the U.S. spot Bitcoin ETF experienced a net outflow of 1,667 BTC (worth $127 million) yesterday, reflecting cautious institutional sentiment and ongoing selling pressure. However, chips below $82,000 are accelerating concentration, initially forming a phase of bottom support, and some players are shifting towards long-term holdings, indicating a recovery in market confidence.

At the macro level, adjustments to Trump's tariff policy have brought a 90-day buffer period to the market, warming risk appetite, but the Federal Reserve's meeting minutes indicate low expectations for interest rate cuts, with economic data in May and June becoming key.

Overall, for Bitcoin, there is still room for upward movement in the short term, but it is currently more of a rebound nature. At this stage, it is wise to take profits on rebounds! The reversal conditions have not yet matured. While player sentiment has somewhat recovered, early holders remain mostly on the sidelines, and the market still needs more catalysts to break the deadlock. The April market is destined not to be one-sided, with event-driven developments becoming the main theme.

The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice; any investments made based on it are at your own risk.

BTC: As of April 9, 2025, the current price of BTC is $77,300; a small bearish candle with an upper shadow was formed on the daily chart, and trading volume has decreased compared to the previous day, indicating that bearish forces currently have the upper hand.

On-chain data shows that the U.S. spot Bitcoin ETF saw a net outflow of 4,123 coins yesterday, worth $326 million, reflecting cautious sentiment among institutional players and increased selling pressure. The market turnover rate has declined, which may be related to the brief warming of sentiment the previous day. URPD data indicates that the number of holders in the $92,000 to $97,000 range decreased by only 5,000 BTC, showing that long-term holders are not in panic, while players around the $83,000 mark have experienced significant losses and exited the market, with short-term selling pressure mainly coming from short-term holders.

On a macro level, the escalation of the U.S.-China trade war and the implementation of a 104% tariff has heightened market risk aversion, causing the VIX to spike to 57.52, with both the Nasdaq and S&P 500 turning negative. The market's expectation for the Federal Reserve to cut interest rates five times in 2025 has risen, but historical experience shows that the Fed is more focused on inflation than recession; unless the GDP data at the end of April is extremely poor, the probability of a rate cut in May is low.

In summary, if tariff policies continue to be high-pressure tonight, Bitcoin may further decline; if the tax rate eases, it may stabilize and rebound above $74,500.

The information and data contained in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investments made based on it are at your own risk.

BTC: As of April 7, 2025, the current price of BTC is $75,200; a weekly candlestick showed a bearish candle with an upper shadow, indicating significant selling pressure above; a daily candlestick showed a large bearish candle with average volume, indicating notable selling pressure above and a dominant bearish sentiment. Although the trading volume did not significantly enlarge, the volume performance remained stable, showing that the market's selling sentiment is relatively restrained, mainly due to the exit of short-term players rather than large-scale liquidation by institutions.

On-chain data shows that this decline did not trigger large-scale capital flows, with a low turnover rate, and selling mainly came from the existing Bitcoin on platforms. Especially, short-term players who bought the dip in the last two days became the main force exiting the market.

On a macro level, the implementation of a 10% tariff policy (compared to the average 2.5% tariff in the US in 2024) combined with weak US stock futures has heightened market risk aversion. Key points to watch in the future include: first, the market reaction after the implementation of the tariff policy; second, the performance of US GDP data at the end of the month.

In summary, Bitcoin's short-term trend is bearish. As long as the US economy does not head into recession, Bitcoin may find a temporary bottom around $65,000, a position that not only has technical significance but may also represent a 'safety line' in players' psychological expectations. However, on-chain liquidity has not significantly increased, indicating that market panic has not yet reached its peak, and the true bottom may still be in the making.

Position allocation suggestion: Long-term BTC should occupy 50% of the total position;

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of April 3, 2025, the current price of BTC is $83,700; the daily candlestick has formed a small bearish candle with a long upper shadow, and trading volume has significantly increased, indicating heavy selling pressure above.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 2,562 BTC (valued at $218 million) yesterday, indicating that institutions still have some confidence, but turnover rate has slightly increased, and selling pressure remains above $88,000.

On a macro level, the uncertainty of Trump's tariff policy adds gloom to the market. If the policy is implemented as planned on April 9, the 10% base tariff and reciprocal adjustments could trigger a crisis, with inflationary pressures and supply chain risks further impacting the crypto market.

Overall, Bitcoin is likely to maintain a volatile pattern in the short term, while being cautious of fluctuations in risk aversion triggered by trade crises. Unless there are significant negative factors, a rebound can still be expected, but the difficulty of operation has significantly increased.

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.

BTC: As of April 2, 2025, the current price of BTC is $84,200; the daily chart has formed a "small bullish candle," and trading volume has increased compared to the previous day, showing a slight recovery in bullish sentiment.

On-chain data shows that the U.S. spot Bitcoin ETF had a net outflow of 1,912 coins (approximately $158 million) yesterday, indicating that institutional funds remain cautious. The turnover rate has slightly increased, and there are clear signs of short-term players taking profits, while players with a cost basis below $90,000 dominate; their exit behavior is more of a hedge against tariff risks.

On a macro level, GDPNow predicts that the U.S. GDP growth rate for the first quarter of 2025 will plummet to -3.7%, compounded by the uncertainty surrounding Trump's tariff policy announcement on April 3, which continues to suppress market sentiment.

Overall, the short-term rebound in Bitcoin is more of a technical correction rather than a trend reversal.

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantees are made regarding the accuracy and completeness of the information. This content does not constitute investment advice; investing based on this information is at your own risk.

BTC: As of March 28, 2025, the current price of BTC is $85,000; the daily chart has formed a "spinning top" for three consecutive days, indicating insufficient upward momentum, with volume continuously shrinking and market sentiment being low.
On-chain data shows that the net inflow of Bitcoin ETFs in the US yesterday was 1,024 BTC (approximately $8.9 million), indicating that institutional funds still have confidence, but trading volume has fallen below the lows of 2023-2024, with turnover rates also declining, leading to a strong wait-and-see sentiment among investors. URPD data indicates that the accumulation of chips in the $83,700-$85,500 range has intensified, and the market is building strength for directional selection.
On the macro level, the core PCE data to be released tonight at 20:30 (previous value 2.6%, expected 2.7%) will become a watershed for short-term trends. If the data exceeds expectations, inflationary pressures may intensify market risk aversion, putting Bitcoin under downward pressure; if the data falls below expectations, it may boost confidence and lead to a rebound. Today's decline is partly influenced by rumors of automobile tariffs, compounded by the market's cautious attitude towards the PCE and the University of Michigan's inflation expectations (4.9%). Next week's tariff implementation and employment data will further impact the trend.
In summary, Bitcoin's short-term trend is weak, with a focus on the daily 30-day moving average at the $85,000 level. If it holds, we can expect stabilization and a continued rebound; conversely, if it fails to hold, further declines may occur, potentially creating new lows in the future.