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Recently, weekends tend to see some emotionally driven market movements, and if the U.S. stock market doesn't continue this trend when it opens on Monday, it can quickly reverse back down.
For example, on July 14, during the Asian trading hours, BTC broke through 123,000, but quickly fell back before and after the U.S. stock market opened.
Also, during the weekend of August 2-3, the panic from Friday continued, and the crypto market kept plunging, only for the U.S. stock market to recover its sentiment on Monday and pull back.
Looking at it now, the weekend market is purely driven by crypto retail investors, which can easily amplify fear and greed. If these emotions can be managed well, it presents a great opportunity in crypto.
Typically, if there is a widespread panic sell-off over the weekend, it often rebounds on Monday, or even starts to recover on Sunday night. The opposite is also true.
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