To da moon🛫️🫴fightingfightingfightingTo da moon🛫️🫴

U.S. stocks closed lower on Tuesday, with the Dow Jones initially down 0.95%, the S&P 500 index down 0.77%, and the Nasdaq down 0.87%. Tesla (TSLA.O) fell 1.7%, Palantir (PLTR.N) dropped 12%, and Gilead Sciences (GILD.O) decreased by 4.8%. Last night, the crypto market showed remarkable performance, with the previously stable fluctuation broken by a sudden strong surge, leading to another round of short-selling. Today, Ethereum is undergoing an upgrade, and there is significant rotation in the altcoin market. The meme, DeFi, fan tokens, AI artificial intelligence sectors, and varieties expected to receive approval for spot ETFs are likely to become hot sectors, and it is recommended to closely monitor and timely grasp real-time dynamics.
Yesterday, the price of bitcoin retraced to the 93300 line and then stopped falling. During the overnight session, the price rebounded all the way, and this morning it rose strongly to the 96800 line, and the rebound was stronger than expected. Looking at the overall market, this morning's sharp rise has effectively repaired some of the recent losses. After Bitcoin broke through 95500, the bears' strength was further weakened, and the bulls showed obvious signs of recovery in the technical pattern. The sudden rise in prices was mainly driven by fundamental factors, and news related to the Sino-US tariff negotiations injected strong impetus into the upward movement of currency prices. Technically, both the four-hour and hourly technical indicators show strong bullish signals, and the price is in a divergent upward trend, and there is still room for upside in the short term. However, as the fundamentals are gradually digested, the upward momentum may weaken. It is expected that after a short period of shock consolidation, the price is expected to rise again to test the key pressure level above.
The trend of Ethereum is becoming similar to that of Bitcoin, quickly rising and breaking through 1800 this morning. Currently, both have an upward breakout momentum, but the upside potential for Ethereum is relatively small, only recovering the space given back yesterday. The large bearish K-line quickly closed with a long lower shadow, indicating the continuation of the bullish trend. However, it remains to be seen whether the bullish momentum can be sustained and achieve an upward breakout. On the 4-hour chart, the price of Ethereum has formed three consecutive bullish candles, breaking the weak market from yesterday, with bullish momentum continuing. Today's morning session continues to be optimistic about the continuation of this bullish trend, and it is not advisable to call the top too early in a strong market.