Today’s on-chain data summary: although I remain optimistic about $BTC and do not believe Bitcoin has entered a bear market, I also wouldn’t say it has fully turned bullish yet. Many enthusiasts see Bitcoin breaking through $90,000 and think it’s about to surge, but the $90,000 level still seems to hold some psychological resistance.

Before tonight’s close, Nasdaq experienced a slight dip, which kept Bitcoin from fully stabilizing above $90,000. Personally, I think even if BTC breaks $90,000 over the weekend, it doesn’t necessarily mean it will remain stable after the US stock market opens on Monday. However, if prices can rise a bit over the weekend, it should boost investor sentiment.

Looking at Bitcoin’s data, the turnover rate remains high, and trading volume has increased. This indicates that investors will return to work next week, liquidity will pick up, and the price rebound on Friday $BTC was quite good. Although it hasn’t stabilized above $90,000 yet, it’s unlikely there will be any surprises over the weekend.

Next week, we need to pay attention to macro and political events, and support levels will be readjusted. After this adjustment, the market should become more stable. $BTC