#欧美关税风波冲击市场 Bitcoin (BTC) experienced a slight increase today, trading at $92,745.6 during the session, up $180.9 from the previous day, a 0.20% rise. The intraday price fluctuated within the range of $92,362.0 to $92,851.5, maintaining overall consolidation above $92,000. From a cyclical perspective, Bitcoin's performance shows clear divergence: it has risen 4.93% in the past month, but declined 16.12% over the past three months, with a six-month drop of 20.95%, and a 9.27% decrease over the past year, indicating that after a correction from the 52-week high of $126,186.0, it remains in a medium-term adjustment pattern. However, in the long-term dimension, the five-year increase has reached 161.37%, and the long-term upward trend still exists. Currently, the price is trading in the upper half of the 52-week range of $49,486.9 to $126,186.0, with some support at the $90,000 level.

Market sentiment is influenced by multiple factors including macroeconomic conditions, regulatory developments, spot ETF capital flows, and expectations of the upcoming “halving” cycle.

From a technical analysis perspective, short-term and medium-to-long-term trend signals for Bitcoin are showing significant divergence. Short-term indicators are all bearish: the 30-minute, 1-hour, and 5-hour charts all signal “strong sell,” and the daily chart also indicates “sell,” suggesting recent selling pressure is heavy, with considerable resistance to upward movement.
However, the weekly chart, representing the medium-term trend, has turned “neutral,” while the monthly chart signals “buy,” implying that despite ongoing short-term correction pressures, medium- and long-term investors may consider the current zone to have certain investment value. On the daily chart, the price is consolidating within the $92,000-$93,000 range, with strong resistance at $95,000 and the psychological level of $100,000, and a more significant resistance at the historical high of $126,000. Key support levels below are at $92,000 (intraday low) and the $90,000 round number. Trading volume remains relatively stable.

Overall, Bitcoin is at a critical technical battleground stage. Short-term bears are dominant, but the “buy” signal on the monthly chart provides a glimmer of hope. The price needs to break through the resistance zone of $95,000-$100,000 effectively to reverse the recent weakness; otherwise, it may continue to oscillate and accumulate within the large range of $85,000-$95,000.