Phyrex|Jan 26, 2026 21:34
The market sentiment on Monday was quite good, mainly because the increase of Trump's tariffs on Canada did not trigger the reaction of Canada and China. On the contrary, Canada directly showed signs of retreat, and China did not make a clear statement. The market also eased slightly, but the Supreme Court's decision on Trump's IEEPA was still unanswered. In particular, the Supreme Court is now in recess, and it will be February 20 at the earliest. Before that, tariffs were still one of Trump's strongest weapons.
Apart from tariffs, the intervention of the yen exchange rate and the possible suspension of the US government at the end of the month have little impact temporarily. Of course, the most important thing is the monetary policy of the Federal Reserve. There is a great probability that the interest rate will not be changed at this interest meeting early Thursday morning. Let's see what Powell will say. The next time is March. I hope Trump can announce the candidate for the chairman of the Federal Reserve before this.
Looking back at the data of Bitcoin, although the price fell over the weekend, there was still a slight rebound since Monday. At least the bearish sentiment did not continue to expand, and the turnover rate was not very high. Short term investors' turnover was still more obvious, and other data were relatively healthy, with no obvious signs of panic.
The chip structure is currently relatively normal, with a dense area of BTC formed between $83000 and $90000. However, due to the changes in short-term investors, it is not yet clear what the bottom area will be. However, in recent times, unless there is systematic risk, the probability of falling below $83000 is not high.
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