According to Bitcoin's data, although $BTC has nearly fallen below $100,000, the turnover generated is not significant. Only the investors at a loss are relatively nervous, leading to a larger turnover, while earlier investors remain in a wait-and-see state, showing no obvious signs of panic. As the quarrel between Trump and Musk continues to escalate, market sentiment is deteriorating, and it is estimated that the decline will only stop once the argument ends; it is uncertain whether the two can reconcile.

Although the price is not very friendly, the support between $93,000 and $98,000 remains very strong, and there are no signs of panic among these investors. As we often say, most investors between $100,000 and $105,000 are short-term investors, making them more sensitive to price changes.

Moreover, the weekly report also explained that the maintenance of the current price is not due to an increase in purchasing power, but rather a decrease in selling volume. If negative news increases selling and purchasing power does not increase correspondingly, it will lead to the current situation. However, for BTC, there is no essential impact at the moment; it is more about the emotional release of U.S. stock investors.

Tomorrow is Friday, and there will be non-farm payroll data in the evening. If the data meets expectations, it should boost investor sentiment.