Weekly downward trend: Bitcoin tests 81,000, the market remains under pressure

Recent days in the cryptocurrency market have been characterized by intense volatility, reflecting global expectations regarding monetary policy and technical corrections on charts. Bitcoin, demonstrating its sensitivity to macroeconomic factors, continues to move along a weekly downtrend, creating new challenges for investors.

Bitcoin Under Pressure: Technical Level Analysis

Current BTC dynamics show a classic formation of a descending flag on the daily chart, which aligns significantly with the weekly downtrend. The digital currency has fallen to the $81,000 level, testing key resistance levels. According to market analysts, the most important support point at the moment is at $80,000. If Bitcoin repeatedly breaks this 8-week level, it will officially confirm the start of wave C downward, with an expected target zone of $68,000–$75,000.

The current BTC price is $69.39K, with a 24-hour decline of 2.40%, reflecting market selling intensity and supporting bulls under the weekly downtrend. Technical analysis indicates that the market remains in correction, with liquidation of positions exceeding 220,000 participants, indicating a mass exit from long positions.

Gold and Silver: Fluctuations Following Fed News

The precious metals market experienced significant fluctuations amid macroeconomic news. Gold (XAU/USD) rose above the $5,500 level, showing a 1.61% increase, while silver (XAG/USD) demonstrated an even higher rise of 5.85%, reaching $82.68. These positive movements were driven by profit-taking after previous monthly highs and technical overbought conditions in the market.

However, the main reason for fluctuations in the precious metals market lies in macroeconomic expectations. Current discussions about the nomination of the new head of the Federal Reserve System of the USA created uncertainty in the market, triggering a redistribution of capital.

The Role of the Fed and Polymarket in Shaping Market Dynamics

The probability of Kevin Warsh being appointed as Fed Chair exceeded 95% on the Polymarket platform, which significantly influenced investor behavior. This scenario created conditions for a so-called “hawkish” forecast regarding monetary policy, leading to a rebound in the value of the US dollar. Such developments triggered a massive exit from overly leveraged long positions in the cryptocurrency and precious metals markets.

Liquidation cascades affected the entire market, with over 220,000 participants liquidated, demonstrating the depth of obstacles faced by the market amid macroeconomic uncertainty.

Conclusions: Weekly Trend Shapes Market Outlook

The current market situation is characterized by the dominance of a downward weekly trend, which determines the behavior of key assets — both cryptocurrencies and precious metals. Macroeconomic factors, including changes in Fed leadership, continue to serve as catalysts for significant capital movements. Investors should closely monitor support levels and the macroeconomic calendar, as the weekly downtrend still leaves room for further corrections and liquidation risks.