The upward expectation comes from the U.S.-China meeting. Currently, the positive news has been fully priced in, which turns into bearish sentiment. This pullback aligns with the false breakout and subsequent retracement seen in U.S. stocks, ES, and Nasdaq futures, dragging $BTC down as well. The price hit a new high, but the daily MACD shows bearish divergence. For now, it hasn’t fallen back to the pre-breakout range from August 28, so there’s no confirmation of a false breakout signal yet. Two possible scenarios: **Scenario 1: Healthy pullback (baseline expectation)** The daily chart consolidates the bearish divergence through sideways movement instead of a sharp drop. The pullback holds above 83,500–82,800, and the price eventually recovers quickly to the support level. After breaking below and reclaiming the consolidation low, the upward trend resumes. **Scenario 2: Pullback failure (risk scenario)** If the consolidation fails to regain upward momentum and key support is effectively broken, the price could return to the previous consolidation range. In this case, it’s better to stop out and exit positions to avoid a multi-thousand-dollar-level retracement and prevent riding a roller coaster with your holdings. After the short-term correction, there’s still room for another round of speculative rally driven by expectations for late October–November midterm elections.