In the midst of the turbulent global financial markets, the performance of Bitcoin is puzzling. Despite gold prices hitting historical highs, the stock market exceeding profit expectations, and the dollar showing signs of weakness, Bitcoin, which has always been regarded as a barometer, has failed to break through the key resistance level of $117,000.

This phenomenon has prompted deep reflection among market participants. Although Bitcoin ETFs have attracted significant inflows of capital, exchanges have ample reserves of stablecoins, and long-term holders are gradually reducing market supply, it seems that a key factor is still lacking to drive prices to break through.

Looking back at the market dynamics of Week 37 in 2025 (from September 8 to 14), we found that Bitcoin fell into a stalemate of accumulation and price discovery after filling the August futures gap at the Chicago Mercantile Exchange (CME). Despite the market rising for two consecutive weeks, marking the first time in over two months, the resistance level of $117,000 remains unbreakable.

The background of this situation is a complex economic environment. U.S. employment data fell short of expectations, while inflation indicators presented conflicting signals. The Producer Price Index (PPI) cooled down, indicating that supply chain cost pressures have eased; however, the Consumer Price Index (CPI) showed divergence, with a month-on-month increase in August.

In this case, the market's focus is on the upcoming Federal Reserve decision. The decision on September 17 may become a key factor in breaking the current market deadlock. Investors are holding their breath, hoping to gain clear signals regarding the future direction of monetary policy.

At this moment, the Bitcoin market seems to be at a delicate balance point. Although the fundamental factors are generally favorable, the uncertainty of the macroeconomic environment still looms over the market. Investors need to weigh the risks and opportunities and make decisions cautiously and strategically against the backdrop of potential significant changes in the global financial landscape.

In the coming weeks, we may witness a significant breakthrough in the Bitcoin market. Regardless of the outcome, this will provide us with valuable insights into the role of digital assets in the global economy. During this challenging yet opportunity-filled period, remaining vigilant and flexible will be a wise choice for investors.