There is panic over the current state of the market although the overall picture is still good. But from this stage it can back down and turn bullish. So we have to wait this week to judge the next market movement. But the current range $27k is certainly a good position. Hope fully it will be positive.
Why will they panic? I mean for what reason? I ask because I didn't see or hear any negative news but all I can see is just a small decline in the price of BTC but we are still close to the highest this week which was $28k. This isn't something worthy to panic with but if ever there are panic that is happening, that will only be panic buying as there are still people who are rushing of filling their bags just before we reach the true bull run and there's also traders and short term investors who are taking advantage of the price volatility.
We are only in the weekend and people are less active now but wait till we return on Monday or on working days as the market will also return to normal.