BTC just broke through 80K, and the market is discussing whether it can continue to fill the CME gap between 80K-84K. Over the past couple of days, I looked at market data, and interestingly, institutional liquidity is still quite sufficient, but shorts are also accumulating.

The macro environment is indeed a bit chaotic. The Middle East situation is heating up, and the three major U.S. stock indices have all fallen: Dow Jones down 0.59%, S&P 500 down 0.63%, and Nasdaq ending its longest 13-day winning streak since 1992. Oil prices surged, with Brent crude breaking above $100, and WTI rising 5% to $92. Gold and silver were hammered, with gold dropping over 3% at one point, and silver falling more than 5%. The Federal Reserve's stance has also become more hawkish; new chair candidate Warsh explicitly stated at the hearing that there will be no favors for Trump in cutting rates.

Interestingly, despite the unstable macro environment, tech stocks and AI concepts remain the market's safe havens. The semiconductor index rose against the trend by 0.5%, hitting a new 15-day high. Amazon increased its investment in AI startups, with its stock rising 0.66%. However, Tesla is a bit worse off, with quarterly deliveries falling short of expectations, California new car sales down 24.3%, and its stock dropping 1.55%, with a year-to-date decline of over 14%.

On the BTC side, it broke through 77K today, filling last week's CME gap, but continuing to push toward the 80K-84K gap seems uncertain. Some analysts point out that such a perfect retracement scenario is unlikely in the current market environment and that there may be selling pressure at key resistance levels. On the other hand, bulls argue that institutional liquidity is ample, and negative funding rates could trigger short squeezes. Seasonal trends also point upward. It seems that in the short term, the price will oscillate within this range, with next week's economic data and Tesla's earnings report potentially serving as new catalysts.