Concerns about geopolitical issues starting from the statements of President Trump continue to create unpredictable market fluctuations. Tensions surrounding tariffs, Greenland, and the conflict between the US and Europe have generated a new wave of risk aversion. President Trump's speech today may contain the message that the US will continue to pursue in the upcoming phase. The current market trend may pause before the speech takes place tonight.
$BTC declined sharply from the price level of 98000, now reaching the support level of 90000. In the context of the market awaiting strong news from geopolitics and President Trump, BTC may slightly increase back to the level of 95000 before establishing a new trend. Theoretically, the time frame, the sideways movement over the past 2 months reflects the market sentiment waiting for sufficiently large directional information to establish a new trend. It is possible that $BTC is waiting for information about the new Fed chairman to be appointed and his views. Therefore, in the short term, $BTC is unlikely to establish a long-term trend, and trades should adhere to the range rather than the trend.