Currently, Bitcoin is repeatedly testing around $86,000, with bulls and bears already in position. The question is whether the market will rebound or continue to break downward. The answer may become clear tonight.

**Policy Pressure**

In the early hours, Federal Reserve official Bostic made a statement, with the core message being—don’t expect rate cuts. According to the Fed’s forecast, there are no plans to cut rates at least until 2026. His reasoning is that the US economy is performing well, with an expected growth rate of 2.5%, so monetary policy must remain tight. More straightforwardly, any attempt to loosen policy now would be playing with fire, as inflation could resurface.

This statement has a significant impact on the market. The cheap US dollar shows no signs of returning in the short term, and the global risk assets’ dream of big moves driven by liquidity easing is shattered. The macro environment’s suppressive effect on digital assets is clear, and this situation is unlikely to improve in the near term.

**Technical Analysis**

Looking at Bitcoin’s technical performance, the current price is around $87,280, a level that appears quite sensitive. On the 4-hour chart, indicators are still below the zero line, indicating a generally bearish pattern, with no signs of reversal yet. However, there is a detail worth noting—these lines are beginning to show signs of turning upward, even possibly forming a golden cross, and the support levels below are still being defended. The bulls and bears are still engaged in a tug-of-war.