Today is Good Friday, and the U.S. stock market is closed, which also means tonight is the true "final battle" of the week. The next trading session will be on Tuesday, as Monday is Easter.

The biggest variable in the market right now is whether Trump will release another black swan over the weekend. However, objectively speaking, most of the moves have already been made, and in the next three weeks, the main theme will likely revolve around ongoing negotiations over Iran.
Today’s market is somewhat unusual: crude oil continues to rise, but U.S. stocks are not falling; instead, they show signs of a rebound—this divergence essentially reflects funds re-pricing after short-term risk aversion.
Tonight’s non-farm payroll data is about to be released. Although its influence has decreased, it still has the potential to cause disturbance. The current market expectation is relatively moderate: unemployment rate steady, and positive job growth if employment data shifts from negative to positive. As for the end-of-month interest rate meeting, a rate hike is unlikely; the market is more in a wait-and-see mode rather than panic.
Geopolitically, tensions continue to escalate, with WTI crude oil already above $110. Uncertainty around the Strait of Hormuz and Red Sea shipping routes is reshaping global transportation logic. Iran’s strategy of restricting passage for U.S. and Israeli ships while allowing others is essentially "controlled pressure." To some extent, Trump’s previous statements on passage issues are not entirely without logic.
But the problem is—things are becoming increasingly difficult to fully control.
Back to Bitcoin, this round of decline has not triggered panic selling: turnover rate has slightly increased, sentiment remains relatively stable, with short-term funds mainly fleeing, while some holdings are consolidating into long-term investors. The only real issue is: liquidity is drying up.
And war is amplifying all of this. Over the next three days during the weekend, the market will enter a "low liquidity + high uncertainty" state. Hopefully, Trump won’t cause any more surprises.