The analyst discusses Bitcoin, noting its stability around $109,500. After a large volume spike, the price was quickly recovered. The expectation for the weekend is volatility, with potential spikes up and down. A local bottom might be forming. For the S&P 500, the analyst observes a recovery on the 4-hour timeframe to a target of 6763.01, and a potential decline in the VIX (volatility index) to 14. The analyst sets the S&P 500 fail target at $6550.00 and VIX at 17.00. He notes improving fundamental factors for equities and crypto, suggesting a relief for risk-on assets.