Bitcoin lost the $85,000 mark during the day and fell back to the 81,500-85,000 range. The market risk aversion caused by Trump's tariff policy dominates the recent trend, and the continued decline in contract positions shows that funds are waiting and watching. On-chain data shows that a new chip concentration area has formed near 83,000, and the consolidation pattern may continue in the short term.

The sentiment of US stocks in the evening may provide guidance for the low liquidity market over the weekend. Whether Ethereum can break the deadlock depends on the fermentation of the narrative next week, and the altcoins continue to fluctuate weakly.