MICA Daily｜This week's market volatility will be significant, and BTC has the opportunity to test $80,000.

Last week, BTC once again fell below $90,000, and over the weekend even broke the critical $88,000 level. There has been previous discussion that if BTC effectively breaks below $88,000, it is very likely to test $82,000. Currently, the daily chart shows that BTC has tested the $88,000 support level for the third time within a week. If it fails to regain $90,000 this week, there is a high chance it will continue to decline.

This week has more economic events. First, the reason for BTC's drop over the weekend is believed to be due to Trump issuing a tariff warning to Canada. He warned that if Canada reaches a trade agreement with China, it will impose 100% tariffs on some Canadian imported goods. This issue is expected to continue fermenting this week, causing market sentiment to worsen due to the escalation of the trade war. Additionally, the Federal Reserve will announce its interest rate decision on Wednesday. Although the market expects rates to remain unchanged this time, Powell's comments may cause market volatility.