Friday evening, when the U.S. stock market opened, it showed clear divergence: the Dow rose 0.26%, the S&P 500 opened slightly higher at 0.08%, while the Nasdaq fell slightly by 0.15%. At the individual-stock level, the two-sided split was severe. Micron Technology, Qualcomm, SanDisk, Western Digital, and other stocks across the storage and semiconductor supply chain all moved lower in unison. Only Meta surged 4.9% to go against the trend. This market data will also directly feed into Bitcoin’s short-term trend.

From the broader market perspective, the Dow and the S&P 500 opened steadily higher, suggesting that overall risk appetite in traditional capital markets did not experience a panic-driven collapse. Bitcoin, as a risk asset highly correlated with the U.S. stock market index, received macro support that effectively avoided the possibility of a one-way spillover and downward stampede in the evening session, helping to keep the basic environment intact for this round of rebound.
However, the Nasdaq’s slight pullback combined with broad weakness in the semiconductor technology sector created a neutral-to-bearish suppression effect. Storage chips are upstream assets in the AI computing power industry chain. The collective plunge in these stocks indicates the market is cooling off on a stage-by-stage basis in high-valuation tech growth themes. Since Bitcoin over the long term is tied to the performance of tech growth assets, it will, to some extent, limit the upside momentum of this rally, making it difficult to see a one-way blowout surge.
Based on the current market, it can be summarized that the overall U.S. stock environment is mixed between bulls and bears. Support from the broader macro environment helps Bitcoin maintain its repair pace, but weakness in the tech sector will compress the room for further gains. Tonight, it is likely to continue range-bound trading. You can deal with it flexibly by focusing on the key support and resistance range. $BTC $ETH $SOL