Odaily News Matrixport released today's chart saying that despite Bitcoin's strong resilience, the possibility of retesting its 38.2% retracement level is increasing. The 23.6% retracement level (about $87,000), which has been blocked many times before, has become an important resistance level, especially in the context of rising "risk aversion" sentiment and Trump's latest tariff policy triggering widespread market liquidation.
In addition, U.S. consumers' concerns about inflation have intensified, and Federal Reserve Chairman Powell has hinted that the current interest rate stance will be maintained, which means that Bitcoin may find it difficult to regain strong support from loose monetary policy in the short term.