The midday trend for Friday, September 4, 2026, features a localized short squeeze in Strive Inc. (ASST) that is completely defying a broader macroeconomic pullback. While major stock indices and Bitcoin are grinding lower due to rate-hike anxieties fueled by the hot jobs report, aggressive buying volume has pushed ASST back into positive territory for the day.
🪙 Bitcoin (BTC-USD) Grinds into Major Support
- Current Trend: Bitcoin is trading at $79,150.25 at midday, down from its pre-market highs above $81,000. The spike in bond yields has temporarily sapped institutional momentum.
- Technical Update: The digital asset is actively testing the bottom edge of its $79,200 to $79,400 demand zone. Maintaining this level through the afternoon is crucial to avoid a weekend slide toward structural liquidity at $78,500.
📈 Strive Inc. (ASST) Breakout Attempt
- Current Trend: Strive has sharply reversed its morning drop. After opening weak at $25.18, intense midday buying volume has driven the stock up to $26.92 (+0.37% intraday).
- The $27 Bull Objective: ASST briefly pierced its key target line to notch an intraday high of $27.35. This price action keeps the pressure on shorts. If Strive can close the week above $27.00, it solidifies its trajectory toward triggering the mid-October series warrants, which would unlock $700 million in fresh capital for its corporate Bitcoin treasury expansion.
As we approach the final hours of the trading week, comment below if you would like me to provide:
- The precise closing bell support levels to watch for Bitcoin?
- An afternoon update on institutional options volume and implied volatility changes for ASST?
- A breakdown of how the hottest macro sectors are closing out the day?
All responses may include mistakes. For financial advice, consult a professional. Learn more
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