Bitcoin's price has dropped to the $76,000–$77,000 range as market attention shifts to central bank policy uncertainties. The Bank of Japan's decision to maintain interest rates, despite internal dissent, signals potential inflationary pressures. Meanwhile, the Federal Reserve is expected to hold rates steady, reflecting caution amid inflation concerns. This environment has led to a conservative market risk appetite, impacting Bitcoin's momentum and triggering long position liquidations. The cryptocurrency market is experiencing a bidirectional liquidation structure, with significant liquidation zones forming around $76,000–$77,000 and pressure zones at $78,500–$80,000. As macroeconomic uncertainties persist, Bitcoin's price movements are increasingly influenced by liquidity and leverage dynamics rather than traditional risk-off sentiment.