What will the market look like next?
In the short term, the market will continue to be led by macro events, and market sentiment is easily influenced by news.
Although there are no particularly significant negative factors this week, the results of the U.S. Treasury auction could trigger short-term volatility. Powell's statements at the Federal Reserve meeting on Thursday will also be crucial. If Powell's remarks lean towards a hawkish stance, the market will be more cautious. Additionally, U.S. stocks have risen sharply recently, and optimistic sentiment has already been digested, creating a short-term need for a correction. Risk assets like Bitcoin and tech stocks currently lack the momentum to rally.
Unless there are unexpectedly good news, such as the Federal Reserve hinting at interest rate cuts, a very successful Treasury auction, or breakthroughs in tariff negotiations, the market is likely to fluctuate in the range of $93,000 to $98,000.
