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Recently, I have been analyzing a key issue: where exactly is the core problem in the current trading market?
In simple terms, it boils down to two judgments—
Is the trend of the US stock NASDAQ continuing its upward adjustment (a relay pattern), or has it peaked? If the NASDAQ can push for another wave, even if it's not large, then the cryptocurrency market has a chance to rebound towards the 100,000 level. Conversely, once the US stock market's movement is hindered, the rebound space for the crypto circle will also have a ceiling.
So, the current trading logic is very clear: focus on the US stock market, especially the technical aspects of the NASDAQ, which can basically infer whether Bitcoin can successfully break through this key level. The linkage between the two markets is stronger than imagined.