Trump rejects Iran's proposal, BTC shocks to break 84,800, analysts see 90,000

According to Woofun AI, Trump rejected Iran's proposal to reopen the Strait of Hormuz, leading to heightened geopolitical uncertainty, compounding the macroeconomic data vacuum. Although the Cryptocurrency Fear and Greed Index shows greed, mainstream currencies are generally under pressure.

Bitcoin fell below $84,000 after briefly touching $85,000, Ethereum fluctuated between $2,667 and $2,720, and Dogecoin bucked the trend slightly. According to data compiled by Woofun AI, more than 190 million US dollars of positions have been closed in the past 24 hours. The ratio of long and short positions is similar. Unclosed BTC contracts have dropped 0.50% per day and more than 11% per week. Binance's giant whale derivatives traders are bullish and average retail investors are neutral. The global crypto market capitalized at $2.97 trillion, down 0.60% per day. At 8:49 p.m. EST, traditional markets weakened simultaneously: Dow Jones Industrial Average futures fell 152 points (0.30%), S&P 500 futures fell 0.21%, and Nasdaq 100 futures fell 0.19%. Trump stressed that he hopes to reach an agreement before and after the midterm elections, but in the short term, the market needs to absorb the impact of Wednesday's August personal consumption expenditure price index and Friday's September employment report.

Technical differences have intensified, and analyst Michael van der Poppe pointed out that BTC must break through the $84,800 key resistance level to open an upward channel to climb towards $90,000. Chartered market technical analyst Axel Kibar, however, is cautious and believes that BTC's weekly movement around $84,000 to $85,000 lacks decisive breakout characteristics. Effective breakouts are usually accompanied by a long solid white or black weekly K line. The current indecisive pattern suggests that the price may return to this range again.

The market is at the critical point of direction selection, and long and short forces are playing fiercely at key prices. Without an effective breakthrough, BTC is likely to continue to fluctuate within the range, awaiting guidance from macro data. This is yet another stress test of market expectations for tighter liquidity following geopolitical turbulence.