The Bitcoin market has once again become a victim of political turmoil. In the early hours of August 2, the BTC price sharply fell from a high of $116,000, breaking through the critical support level of $113,000 in just one hour, creating a shocking guillotine market.

Technical analysis experts had already warned that bulls should be cautious when the resistance level of $198,000 was not broken on July 28. However, the real trigger for market turmoil was Trump's accusation of falsifying employment data, which directly undermined market expectations for a Federal Reserve interest rate cut.

If the employment data is indeed manipulated, the Federal Reserve will face enormous pressure to cut interest rates. This news quickly triggered an exodus of institutional investors. To make matters worse, the U.S. government plans to sell nearly 70,000 Bitcoins seized from the Silk Road case, further exacerbating market panic.

Data shows that Bitcoin ETFs experienced a massive outflow of $569 million in a single day, setting a new high in nearly three months. In the face of such severe market volatility, retail investors find themselves in a dilemma: should they seize the opportunity with Trump-related concept coins, or decisively cut losses and exit?

When political black swan events break through the technical defense lines, the $113,000 support level has become a painful memory for bullish investors. In this case, rashly trying to catch the bottom is no different from risking catching a falling knife. The real market reversal signal is not only reflected in the candlestick chart, but also depends on the final outcome of the game between Trump and the Federal Reserve.

In such a complex market environment, investors need to remain calm and closely monitor the developments in the political and economic situation, rather than blindly chasing highs and selling lows. Only by having access to first-hand information can one make informed investment decisions in the rapidly changing cryptocurrency market.