The sharp drop in BTC around 10 PM is worth noting—there was a clear increase in volume as the price fell through the 916 level.

After the US stock market opened, the price tested this key support level twice, but it never truly broke through. This "testing and rebounding" pattern actually reveals a delicate balance between bulls and bears.

Since the 916 support held after that high-volume drop, the most likely scenario going forward is a period of grinding sideways at high levels. At least until the Fed's interest rate cut decision next Thursday, don't expect any major directional breakout—sideways consolidation is probably the main theme. The key is whether this support can withstand repeated tests.