In the midst of the undercurrents of the political and economic situation in the United States, the Bitcoin market presents a strange calm. Currently, the BTC price hovers around the key support level of $112,595, while the resistance level of $117,495 looms like an invisible ceiling. This narrow price range seems to be compressed into a cookie by the forces of bulls and bears.

Technical analysis shows that the MACD indicator is fluctuating around the zero axis, and trading volume has shrunk to a very low level, suggesting that the main funds have not yet entered the market, and current market activities are mainly led by retail investors. This state is typically regarded as a characteristic of a consolidation phase. If the price breaks below the support level of $112,595, it is likely to further test $107,355 for new support; conversely, if it can break through the resistance level of $117,495, a wave of upward momentum may occur in the short term.

It is worth noting that although the market appears calm at the moment, based on past experience, the longer the consolidation lasts, the more intense the movement may be after a breakout. Last September, after the Federal Reserve released hawkish signals, Bitcoin experienced a similar week of consolidation, followed by an 8% surge. While history does not repeat itself simply, market rhythms often share similarities.

On a macro level, the recent report by Reuters regarding the controversy involving Federal Reserve Governor Cook appears to be a political game on the surface, but it actually touches on the sensitive nerves of the cryptocurrency market. The judge temporarily blocked Trump's actions, which may not have a direct impact on Bitcoin in the short term, but the essence of the matter is a challenge to the independence of the Federal Reserve. If a future president can arbitrarily replace the Federal Reserve governors, monetary policy might become a political tool.

For the cryptocurrency market, the biggest threat is not explicit negative news, but uncertainty. The current market state is a manifestation of this uncertainty, with investors closely monitoring developments and waiting for a clear market direction.