The weekend homework has been much easier to write. In the last 24 hours, Trump announced that the U.S. would double the steel tariffs to 50%. There isn't much else to report. This information has two sides: it is certainly beneficial for related domestic companies in the U.S., but it is not very friendly for companies like automotive manufacturers that require steel as a raw material. Since this announcement was made after the U.S. stock market closed on Friday, the specific reaction will have to wait until Monday.

This has happened many times recently, where news is announced after the U.S. stock market closes, and by Monday, it may gradually be digested. Today, the reaction of $BTC has been relatively good, returning to around $104,500, indicating that investor sentiment has not turned panic-stricken. However, the trading volume over the weekend is still very low, making it difficult for the current price to reflect the true market performance; we will have to wait until the U.S. stock market opens on Monday to see.

Looking back at Bitcoin's data, the turnover rate has been continuously declining as we enter the weekend, but the main turnover is still from short-term investors at a loss. Coincidentally, I chatted with some friends today, and they expressed that they are not very optimistic about the upcoming market situation. Data also shows that a significant amount of funds has flowed out of the U.S. stock market in the past week.

However, regarding the market situation, I still believe that there is currently no substantial bearish sentiment in the overall direction. Tariffs and monetary policy have not overly affected the current risk market trends. The Beige Book released by the Federal Reserve next Thursday and the non-farm payroll data on Friday will be more important, especially the unemployment rate and employment data.

In terms of support, the range of $93,000 to $98,000 remains the best support zone and is still very solid. Although the chips around $102,000 are continuing to increase, these short-term chips are still difficult to form effective support for now.

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