What is the current stability of BTC's trend? US stock market closure or other key factors

Recently, BTC has remained at relatively high levels, leaving many traders puzzled as to why there hasn't been the expected sharp correction. Looking into the root cause, the recent US stock market closures have had a significant impact on the crypto market. When traditional stock markets are closed, market liquidity faces pressure, and the price discovery mechanism for crypto assets also adjusts accordingly.

From a technical perspective, BTC encounters obvious resistance around 93,000. Although there was a rally before the market opened, indicating bullish intent, the weakness of the Nasdaq's decline was insufficient to effectively support this level, leading to a subsequent correction that became inevitable. The four-hour chart already reflects this tug-of-war.

In the short term, the probability of a significant decline is relatively low, mainly because the market lacks sufficient catalysts during the US stock market closure. However, once the stock market reopens, the situation could change. Investors should closely monitor the market response after the closure ends, as the direction at that time may determine the subsequent trend pace.