BTC market facing short-term pressure, waiting for clearer direction
Currently, the Bitcoin market is showing significant short-term pressure, with bulls encountering strong resistance at key price levels, and upward momentum is weak, making it difficult to form a sustained breakout. As the market gradually enters holiday mode, liquidity continues to shrink, capital activity decreases, and market synergy weakens, making the market more susceptible to manipulation by major players, exacerbating technical fluctuations.
Despite the medium to long-term fundamentals still providing support—institutions continue to enter the market (for example, Trump's media group has increased its holdings in Bitcoin) combined with the end of the Federal Reserve's quantitative tightening cycle, laying the foundation for mid-term liquidity improvement for BTC, market sentiment is cautious in the short term. Volatility continues to narrow, reflecting a consolidation pattern under light trading, and there is even a possibility of a downward adjustment.
The upcoming US GDP data may become the next important catalyst, potentially reigniting the market's directional choice. However, before the data is released, the market lacks clear drivers, and blindly chasing highs or aggressively bottom-fishing carries high risks. $BTC
