Today, the market seems a bit crazy, just like my mood. When the US stock market opened in the evening, $BTC was suddenly driven up by the influence of the US stocks, but within five minutes, as the US stocks showed strength, it began to pull back. In comparison, Bitcoin held up relatively well, maintaining its position for more than half an hour before starting to decline. Both the rise and fall lacked specific reasons, so let's consider it as the market's self-adjustment.

Currently, the focus of the market is still on the US monetary policy. Many friends are worried about Thursday's CPI data and Friday's interest rate hike in Japan, which is understandable. It's even possible that tonight's decline is a hedge against tomorrow's inflation, but in reality, inflation is not a major concern for the current Federal Reserve, and the same goes for Japan's interest rate hike, as it has already been fully anticipated.

The current focus of the market should be on the short-term confusion due to a lack of liquidity. There are no obvious negative factors in the market itself, but investors are overly sensitive to any minor fluctuations. On one hand, AI and tech stocks are rallying investors to buy with the banner of policy and capital, while on the other hand, investors are still worried about the Federal Reserve and Trump not having a clear winner, fearing that a recession may still occur. It's quite a twist right now.

Looking back at Bitcoin's data, although the price has surged and plummeted today, the trading volume has not increased but rather weakened. This should be due to the short duration of the price fluctuations. From this perspective, $BTC is likely to gradually enter a new round of "garbage time."

Currently, the biggest constraint on BTC's price remains the liquidity issue. In the eyes of many investors, BTC is still part of the tech stocks, but it temporarily cannot compete with AI giants like Nvidia, and it may even fall short compared to the "Seven Sisters," although it is still better than ordinary tech stocks, while still having a strong correlation with them.

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