I just reviewed the discussion on Scott Melker's program, and there was something interesting. Mike McGlone from Bloomberg Intelligence raised an important point — the Fed continues to pressure market conditions, and this seriously affects everything related to risk assets. Bitcoin is currently balancing on the edge, trying to hold key support levels.

What caught my attention in McGlone's words — he says that liquidity shortages are really holding back the price. Yes, Bitcoin can act as digital gold, but the question is whether it can detach itself from the behavior of other risk assets. Everything is still moving in the same bundle.

From a technical perspective, Gareth Soloway added his view — the current support for BTC is critical. If it closes below it, we could see a more serious decline. Soloway warned about the possibility of so-called dead cat bounces, where the price jumps back up, but this could be a trap. Aggressive buying without confirmed reversal is a risky game.

Currently, Bitcoin is trading around 77.6K, down 0.32% over 24 hours. Mike McGlone and other analysts agree that macroeconomic factors remain dominant. The technical picture is indeed fragile, and we need to wait for clear signals before making serious moves. It will be interesting to see how events develop further.