The market shows a rapid surge followed by a quick plunge and decline, indicating a weak trend. The recent rally lacks sustained buying support, and upward momentum has been exhausted. The US stock market's upward movement encountered resistance and simultaneously declined sharply, causing a cooling of overall market sentiment. Technical correction needs for the cryptocurrency prices are continuously being released as accumulated pressure.



In the latter half of the US trading session through midnight, the market will repeatedly surge to induce buying, then face resistance and fall back. The downward momentum has not yet fully played out, and the correction trend will continue.

BTC rebounds around 78,600-79,200, with support at 77,800-76,300.

ETH rebounds around 2,390-2,430, with support at 2,350-2,280.
BTC-0,57%
ETH-1,9%
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