First, follow the overnight dynamics of the US stock market. The three major US indexes collectively fell, with the Dow down 1.01%, the Nasdaq down 0.47%, and the S&P 500 down 0.43%. Most large-cap tech stocks performed poorly, with Amazon, Netflix, Meta, and TSL all falling by more than 1%, while Google saw a slight decline. However, Intel rose more than 1%, while Apple, Nvidia, and Microsoft saw modest gains. It is worth noting that AppLovin fell by about 9%, marking its worst single-day performance since December last year. Turning to the crypto market, it is still in a fierce battle between bulls and bears within the trading range. The recent market trend remains within a wide range of fluctuations. This kind of trading range market requires a very high ability to grasp the rhythm. If the rhythm is right, subsequent operations will be smooth; but once the initial judgment is wrong, it may lead to repeated mistakes, or even get caught in a dilemma between being tied up by Depth. I believe many coin friends have a deep understanding of this. Therefore, current operations must be cautious, there is no need to worry too much about missing the market. It is entirely possible to wait for the trend to confirm before acting in line with it.

Let's take a look at the Bitcoin market. Yesterday, Bitcoin showed a oscillating upward trend as a whole, gradually rising from the low point of 95380. In the midnight, the market slightly probed down to the low point of 96760, then the bulls quickly exerted force, rebounding strongly to regain lost ground, and rebounded to the high point of 98665 in the early morning before a slight pullback. From a 4-hour perspective, Bitcoin is currently in a stair-step oscillation trend, but the speed of space release has significantly slowed down, weakening the short-term bullish momentum and entering a weak phase. The subsequent trend is highly likely to first retrace and then start a new round of upward movement. Previously, Bitcoin has been under pressure multiple times near the upper boundary, forming a certain level of minor resistance oscillation pattern. Currently, the short-term cycle is still in a strong consolidation phase, but the uncertainty of space size is relatively large, and one can only observe the real-time situation while walking. It is difficult to break out a one-sided strong market in the short term, and it is highly likely to form a roundabout and repetitive market washing trend, but the overall upward trend remains unchanged. In terms of operation, it is recommended to first follow the retracement situation, and then follow up when a suitable entry opportunity appears.

Let's talk about Ethereum's performance. The overall fluctuation range of Ethereum is limited, basically oscillating within the range of 2700 - 2770. In the midnight hours, Ethereum adjusted down to a low of 2705, and then the bulls started a rebound. Currently, the key is to follow whether the price can successfully break through and stabilize above the trading range upper boundary. In the early morning hours, Ethereum reached a high of 2766, then fell back after being pressured. In the short term, the market is in a consolidation phase, with relatively balanced forces between bulls and bears. Although market volatility has increased, there is no clear trend direction yet. The price is running slightly below the middle BOLL line, close to an important support level, overall influenced by a neutral to weak bias. Large one-sided trends are not considered for now, mainly focusing on short-term operations within small range oscillations. Although there is currently a bullish bias in the short term, it is not recommended to blindly chase after rising trends as long as the trading range is not broken. In terms of key levels, the 2760 - 2780 area is the current important resistance level. If it can be effectively broken through, perhaps it will open up upward space and welcome a new round of rising trends.