Holiday market activity often lacks participation, and Friday's news is quiet with no significant macro developments. The real trading rhythm will only start after next Tuesday.

Currently, the focus remains on the Federal Reserve's policy expectations. Bitcoin has maintained high-level oscillations in this wave of market movement, repeatedly testing the 83-87 range, with obvious resistance above.

From the on-chain chip distribution perspective, the URPD data at the 87 level shows that chip accumulation is most concentrated here—this has become a single highest point. Looking closely at the range from 845 to 87, the accumulated chips have already exceeded 1.73 million coins, indicating significant resistance at this price level. Such a chip distribution pattern suggests that breaking through the upper resistance in the short term will face considerable obstacles.