🚨 Bitcoin at the Crossroads: $87K Floor or Deeper Correction?

Bitcoin $BTC is currently battling a "low-conviction" environment, hovering around $87,300. While the weekend saw thin liquidity and over 1 billion usd in liquidations, the market is bracing for a massive macro week that could redefine the Q1 trend.

From the looming U.S. government shutdown risks to Trump’s 100% tariff threats on Canada, the "outlaw vibe" of crypto is being tested by real-world geopolitical brinkmanship.

📉 Technical Analysis: Support & Resistance

Major Resistance: $92,000 - $94,000. We need a sustained breakout here to invalidate the current bearish weekly structure.

Immediate Support: $85,600. This is the definitive line in the sand. A break below could trigger a slide toward $80,000.

Whale Activity: On-chain data shows wallets with >1,000 BTC added 110,000 $BTC last week. Institutions are buying the fear while retail remains hesitant.

📅 The "Big Three" Watchlist for This Week:

The Fed (Jan 28): Markets expect rates to hold at 3.5%–3.75%. A "dovish pause" from Powell could be the fuel BTC needs to reclaim $90k+.

Shutdown Showdown: With a Jan 30 deadline, any political "failure" in D.C. may drive investors toward Gold ($5,000+) and Bitcoin as systemic hedges.

Yen Volatility: Watch for U.S.-Japan currency intervention. A weaker Dollar often breathes life back into the BTC bulls.

We are in a consolidation zone. Watch the $85.6K support like a hawk. If it holds, we build the base for the next leg up.

BTC $87K: Whale Trap or Macro Bottom? 🐳

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