According to Material Indicators, BTC's price is dropping into a support test as 'Spoofy the Whale' has lowered ask liquidity on FireCharts, applying downward pressure. This strategic move could create an opportunity for buying the dip.

According to Material Indicators, a large BTC whale, referred to as 'Spoofy', is applying downward pressure on Bitcoin prices by strategically placing and maintaining substantial sell orders far from the active trading zone. This action is not intended to fill orders but to manipulate market sentiment and push prices lower. Traders should be cautious of these tactics as they can significantly impact short-term trading strategies and market movements. Source: Material Indicators.

According to Material Indicators (@MI_Algos), Spoofy the Whale has been observed making significant moves in the BTC order book on Binance, applying downward pressure rather than chasing price. This activity suggests that BTC prices may remain pinned in a specific range until Jerome Powell's (JPow) upcoming press conference, indicating a potential strategy to influence market sentiment ahead of major economic announcements.

According to Greeks.live, the community is predominantly bearish in the short term, anticipating continued downward pressure on the market. This sentiment is attributed to Trump's trade policies and market manipulation. Traders are closely monitoring the $82K-84K range as a critical level.

According to Omkar Godbole, Bitcoin ($BTC) is currently experiencing downward pressure due to the movement of risk and commodity market dollars, indicating a potential sell-off triggered by investors reallocating funds, which traders should monitor closely.

According to Skew Δ, Bitcoin's 4-hour chart indicates it is trading within a mid-range, with the Point of Control (PoC) showing downward pressure on prices this week. The inability to maintain daily trends above the weekly open adds to this bearish outlook. Skew Δ highlights that a potential trend could emerge following the release of employment data, particularly if the data shows weaker employment figures, which might affect trading decisions.