Track the real-time hotspots in the cryptocurrency circle and grasp the best transaction opportunities

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U.S. stocks took a heavy hit on Monday, with the Dow down 890.01 points, or 2.08 percent, to settle at 41,911.71, the Nasdaq down 727.90 points, or 4.00 percent, at 17,468.32, and the S&P 500 down 155.62 points, or 2.70 percent, at 5,614.58. U.S. tech stocks led the decline, with the Nasdaq falling 4%, its biggest one-day drop since September 2022. Bitcoin's intraday trend shows a volatile pattern of first rising and then falling, and the market is more volatile. The uncertainty of the tariff war has made investors worry about a recession in the United States and the risk of a bear market in U.S. stocks. This week, the market will usher in important economic data such as CPI and PPI.
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Approaching the deadline for the temporary spending bill, the U.S. federal government is in a shutdown crisis again. At the end of last year, the Congress passed the temporary bill, and the funds lasted until March 14 this year. House Speaker Mike Johnson announced on March 8 that a temporary bill, which runs until September 30, will be voted on Tuesday. Trump called for Republican support and said the Democrats wanted to "shut down the government," but the Democrats planned to oppose it, and the passage of the bill was questionable. In recent years, the US government has been suspended several times due to the debt ceiling, with a maximum of 34 days. This time the trade conflict roiled the stock market, and Trump's trade policy sent the three major U.S. stock indexes tumbling this week. Market volatility has intensified and the fear index has risen. Wall Street is worried that tariffs will exacerbate inflation, and the US consumer price index (CPI) for February will be released on Wednesday. Analysts expect CPI to rise 0.3% month-on-month in February, which could trigger a new sell-off in U.S. stocks if it confirms an acceleration in inflation. This data is also the key data before the Fed's March 18-19 interest rate meeting, which will affect the market's expectations for the Fed to cut interest rates, and investors are also worried about "stagflation". Judging from the macro situation this week, the "black swan" event spread on the Internet is not out of the question. In terms of the downward trend in the past two weeks, this week is expected to continue the previous downward trend, with strong bears, but a short-term small rebound correction cannot be ignored. The decline was strong, but it wasn't entirely bad. As the saying goes, if it is not broken, it will not stand, and the recent market of repeated conversion of long and short will only have a chance to turn around if it is completely disrupted. Otherwise, in terms of this rhythm, for most aggressive investors, it is difficult to escape the situation of being covered and washed, it is better to simply take a short position and avoid it, and then make plans after the market trend is clear, and the short-term bottom will continue.
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Recently, the U.S. stock market has been smashed, Bitcoin fell below the 80,000 mark in the evening range, rebounded after the lowest test to 77,400, and has now returned to around 79,500, and it is expected that it will not be difficult to rebound above 80,000. From the analysis of the technical structure, the 4-hour candlestick chart shows an obvious step-by-step downward structure, and the price has broken through a number of important support levels one after another, showing strong downward momentum. At present, the overall pattern of the market is still dominated by the bears, the price shock is weak and the downward trend continues, and a large rebound has not been formed. In the daily level, the running channel maintained a downward continuation, the price maintained a weak finish, failed to get an effective reversal after diving in the middle and upper rail areas, the short volume could shrink and continue, and the moving average did not appear a large joint rise. This week, I am still optimistic about the operation idea of the first short, and whether the market can regain lost ground in the future needs to be further followed up after the support level appears.
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Ethereum's performance has been pitiful, having fallen below 2000 and touched as low as 1807, which is not far from 1500. From a technical point of view, the 4-hour candlestick chart shows a clear step-by-step downward structure, with the price breaking through multiple important support levels one after another, showing strong downward momentum. In the daily level, the running channel maintains a downward continuation state, the price maintains a weak finishing, and there is no effective reversal after diving in the middle and upper rail areas, and the short volume can shrink and continue, and the moving average does not get a large joint rise. The overall market pattern is dominated by bears, and the small cycle is also dominated by bears.