The macro backdrop is risk-off into the weekend. PCE data released yesterday came in hotter than expected (Core PCE expected at +3.4%), reinforcing Fed hawkishness under Warsh and sustaining the Coinbase Premium Index negative streak at 40+ consecutive days — a persistent signal of weak US retail demand. The DXY holds near 52-week highs at 101.39, 10Y yields slightly eased to 4.406% but remain elevated, and oil is back below pre-war levels as Hormuz Strait transit resumes partially — paradoxically raising "overheating" fears rather than providing relief. Key intraday risk: $11B BTC+ETH options expiry today will amplify volatility; max pain levels likely act as near-term price anchors. No major data releases scheduled today.
Overall Sentiment: BEARISH with selective divergence (SOL)