Today is just the weekend, and external liquidity is basically zero.
The market is likely to intensify fluctuations in the short term, and might even shift to a mild upward test,
first slightly raising prices to lure in buyers, and then suddenly crashing to harvest panic sellers, repeatedly playing with long and short emotions.
From the perspective of the correlation with the U.S. stock market, last night the overall market performed quite poorly, with the S&P 500 and Nasdaq both plummeting over 1.5%, which undoubtedly adds fuel to the fire in the crypto market, increasing the pressure test for the weekend. In this environment, the main players are likely to choose a tug-of-war, extending the sideways time to digest the selling pressure; otherwise, once the price breaks down, it may trigger a sharp plunge straight into the abyss. BTC is currently consolidating near historical highs, and short-term risks cannot be ignored, as weakness in the U.S. stock market may drag it down.