Today, there isn't anything particularly special happening; the main theme in the market continues to revolve around tariffs and criticism of Powell. As for $BTC, my consistent view is that if the market does not show any significant positive or negative sentiment, it is likely to be in a consolidation phase.

Even though the price dipped below $116,000 early this morning, within less than 24 hours, it has already returned to around $120,000. I marked the upper range at around $119,500 to $118,200, and the lower range at around $116,500 to $117,700. These two ranges are the consolidation zones I am currently monitoring.

However, due to the limited sample size, the accuracy of this data cannot be guaranteed for now. Speaking for myself, since I am shorting, my pending orders are still hesitating between placing them around $117,700 or $116,500, and I need to observe a bit more.

Additionally, from the data on Bitcoin itself, no significant anomalies have been found. The main players in trading are still investors with a cost basis above $100,000, while the majority are short-term profit-takers. The decrease in turnover rate indicates that the market has once again passed through a FOMO phase, and both buyers and sellers are starting to return to rationality.

The supporting data has not changed significantly, but the support between $103,500 and $108,500 is gradually being consumed. Although it appears stable now, if negative sentiment arises, this support level may be difficult to maintain, as it mainly consists of short-term investors.

Moreover, I am quite concerned about the two gaps at $112,000 and $114,000. If these gaps are filled, it could potentially put pressure on the support. Let's keep an eye on it.

Data address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

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