Currently, it is the fifth day of the week. Over the past three days, BTC has already hit or is about to hit $90,000, then retreated back to around $85,000. Especially last night, the US stock market performed quite well; the S&P and Nasdaq almost recovered all previous losses. However, BTC still remains around $85,000, fluctuating sideways. Investors' sentiment is really poor.

If yesterday's decline was caused by Oracle, leading to a drop in tech stocks and dragging BTC down, then today it seems to be purely an issue of investor sentiment. At least based on ETF data, more investors have shifted from the cryptocurrency sector to US stocks. However, I still believe that in the larger trend, BTC and tech stocks are still highly correlated. Even if there is a short-term deviation, they should revert back.

Today is the date of Japan's interest rate hike. The US stock market has not shown signs of risk aversion. As I mentioned before, the market has fully anticipated this rate hike, and the actual outcome is unlikely to cause significant market changes. Not sure if our American friends are more worried, but after Japan's rate hike, the Christmas trading season begins. The low liquidity during Christmas is like a holiday—just avoid surprises.