Overnight, the three major indexes of the US stock market collectively fell, with the Dow down 0.61%, the Nasdaq down 0.33%, and the S&P 500 also slightly down 0.28%. In this wave of decline, most large technology stocks were not spared, with giants like TSL and Intel falling by more than 2%, adding a few chills to the market.

The cryptocurrency market is once again experiencing a widespread decline. Bitcoin, once a prosperous Digital Money, continued to show weakness and fluctuation yesterday, with prices continuing to decline in the early hours of the morning, falling below the $67,000 mark and testing as low as $66,800 before initiating a Rebound. Ethereum also did not escape, breaking through the $2,400 level and testing as low as $2,355. The decline of these two major Digital Money undoubtedly cast a shadow over the entire crypto market.
From a technical perspective, BTC #BTC# has experienced a Rebound on the 4-hour timeframe, but the overall trend still leans towards shorts. The market yesterday saw repeated fluctuations, with intense competition between long and short positions, but long positions clearly lacked strength. The market returned to a downward adjustment track in the evening, and the downward momentum was much stronger and more intense than the Rebound. In the early morning, the price once again reached a low of 66810 before rebounding. The current price has rebounded. Today, the suggested trading strategy is to continue shorting in the range of 68500-68300, with a target of 66666-66000.
#ETH# short from 2485 to 2505 above, defend 2550 to replenish short, stop loss 30 points, target 2450 to 2400, break below to see 2350
Below 2330 to 2360, defend 2250 to 2280 for Margin Replenishment, stop loss of 50 points, target is 2420 to 2450, break through to 2500 to 2550.