Market Update: Bitcoin Retraces Amid Geopolitical Headwinds **Executive Summary** Bitcoin (BTC) has pulled back to the **$91,000 level**, driven by a resurgence in risk-off sentiment following escalating trade tensions between the United States and the European Union. The broader digital asset market remains subdued as volatility flushes out excess leverage. **Key Developments** * **Geopolitical Impact:** Deteriorating US–EU trade relations have triggered a flight to safety, weighing on risk assets including cryptocurrencies. * **Market Structure:** A wave of liquidations has effectively deleveraged the market, resulting in muted price action across the broader crypto complex. * **Technical Outlook:** Analysts observe continued consolidation within a broad trading range. Future directional momentum is expected to hinge on upcoming macroeconomic data and regulatory policy signals.