BTC price action is currently still mainly characterized by broad-range consolidation and volatility. It shows that the momentum lacks sustained continuity, and it’s unlikely that major players will push the market higher over the weekend. Because ETF trading is closed during market holidays, most of the current activity is a contest between funds on the exchange; at present, the market is dominated by bearish voices. As Middle East geopolitical tensions continue to escalate, rising oil prices have intensified concerns about an inflation rebound, and risk-avoidance sentiment has surged sharply. Expectations for Federal Reserve rate cuts keep cooling, and the prospect that high interest rates will remain for longer is weighing on tech stock valuations. A new round of U.S. tariff policies has been implemented, disrupting global trade chains and casting a shadow over companies’ earnings outlooks. With U.S. Treasury yields moving higher, funds are flowing back from the stock market into the bond market, compounded by concentrated profit-taking and selling at elevated levels.