I just followed the market and saw that Bitcoin in USD is dropping back below the 70K level after testing 76K yesterday. Currently, the price is around 77.97K, but the sentiment seems quite cautious due to continuous selling pressure. What’s causing the price to drop? Mainly rising oil prices combined with concerns about increasing inflation, leading to a sell-off of risky assets.

Looking at the chart, some technical experts are warning about a descending wedge pattern. Aksel Kibar notes that if Bitcoin in USD breaks below the boundary, it could head toward the 52.5K zone. This is related to a similar wedge pattern seen at the end of 2025 and the beginning of 2026. I’m monitoring whether BTC stabilizes near 73.7K-76.5K, as that’s an important technical zone right now.

On the macro side, Fed interest rate policies are also an issue. A few months ago, the market expected rate cuts, but now the market is pricing in the possibility of the Fed raising rates by the end of 2026. This puts pressure on Bitcoin in USD and other risky assets. Glassnode also reports that short gamma at 75K has been closed, meaning short-term upward pressure has eased.

The coming weeks will be very important. If Bitcoin in USD can find a sustainable bottom above 70K and oil prices decline, the risk appetite trend could return. But if inflation remains high and the Fed keeps warning, BTC might be constrained within the overall market volatility in the near future. I will continue monitoring technical levels and macro signals to see the next direction.