Wintermute: BTC $85000 support level may become a key point

Wintermute announced today that the current price range of BTC is showing signs of fatigue, but the market structure is not bearish, but rather stuck in a stalemate. The support level of $85000 has been tested multiple times and may be a solid bottom or a trap before an outbreak. Despite a net outflow of funds from the United States and a decrease in volatility, this support level remains held, indicating a moderate level of buying activity below. The macro environment has accumulated momentum for the trend market, and the cryptocurrency market may choose direction due to the flow of ETF funds or changes in the US dollar trend. If the Federal Reserve intervenes in the Japanese yen exchange rate and the US dollar weakens, or if tech giants exceed expectations in their financial reports, it may boost the cryptocurrency market; On the contrary, hawkish signals or escalating tariff conflicts will test support levels.