Bitcoin remains trapped between $85,000 and $94,000 as macroeconomic factors and earnings reports influence market direction, according to Wintermute. The cryptocurrency failed to break through $97,000 earlier this month, and recent high net outflows from ETFs, along with a shift in Coinbase's premium to a discount, suggest U.S. selling pressure is dominant. Despite the weak market last week, Bitcoin has not shown a clear trend over the past two months, staying in a consolidation phase. The weakening U.S. dollar has led to bets on currency depreciation, with gold and silver reaching new highs. Bitcoin's price stability at $85,000 indicates potential support, though not with strong buying momentum. Future movements may depend on Federal Reserve actions and U.S. stock earnings, with potential catalysts including a weaker dollar and strong tech earnings.