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The U.S. stock market surged overnight, with the Dow Jones rising by 0.79% to a new historical peak; the S&P 500 index increased by 0.47%, and the Nasdaq rose by 0.28%. Most large tech stocks declined, with Intel and Meta dropping by more than 1%, and Amazon, Google, Microsoft, Netflix, and Apple decreasing slightly; Nvidia rose by over 3%. The cryptocurrency market is currently experiencing upward fluctuations, with Bitcoin repeatedly fluctuating around the 68000 mark, and Ethereum also fluctuating around the 2620 mark. The current cryptocurrency market should be an exciting time, with Bitcoin prices continuously rising and trading volume increasing for three consecutive days. Particularly, when Bitcoin created a significant trend by surpassing the 67000 and 68000 marks, however, the liquidity ratio indicates clear signs of large capital inflows, and the cryptocurrency segment is undergoing noticeable changes. Although the cryptocurrency season has arrived, we believe it is still necessary to avoid frequent trading of unlock tokens, which are facing the risk of delisting. The international situation is currently unstable, with tensions in the Middle East, Russia-Ukraine, and renewed tensions between North Korea and South Korea. In fact, all of these are uncertain factors that could potentially affect the overall trend. Therefore, it is important to pay attention to news changes during operation!
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The price of Bitcoin reached a peak of 68,400 at midnight yesterday and encountered resistance from this level. Based on the current trend structure, the short-term upward momentum is still continuing. This week, we have had multiple Long trades and made profits, while the trend structure remains clear and continues to upward. Therefore, we just need to follow the current trend. The overall trend is still driven by demand, and on this journey, we have not encountered significant resistance. Demand has broken many new highs. Based on the current market situation, the recent period is a strong growth period for demand, although accompanied by minor corrections. However, corrections are also part of the strong demand growth, not just increasing without decreasing. The continuation of the demand trend will depend on the adjustment and return of supply, so any current correction is considered part of the adjustment process in the demand growth phase. As long as the overall structure is not broken, there is no reason to change the current plan. A trend reversal will only occur when there is a significant and continuous opposite adjustment. The range of adjustments within the day is controllable and does not affect the overall structure. As long as the overall structure is still in the demand phase, there is no reason to go Short. Therefore, this morning, continue to build positions around demand!
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The Ethereum Association Token has moved out of the small market volatility and is under pressure at the 2680-2720 level in the short term. Pay attention to the breaking situation during this time. On the four small levels, after the price is consolidated near the upper line, it will accumulate and rise sharply again. After the space and volume are released, a short-term wave two correction may be built, based on consolidation or correction at the short-term high, depending on the space size of the return point. However, the overall situation has not changed, still belonging to the bear camp, and the retreat is a normal rhythm, so the focus is still mainly on Long in the correction.
BTC0,42%
ETH0,57%
CHO0,39%
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