The news that the US and China are about to start tariff negotiations has stimulated the market, leading to a short-term surge in the crypto market this morning. Bitcoin briefly soared to around 97,700, and ETH (commonly known as '二饼') also climbed to 1,843 USD, approaching the strong resistance zone of 1,850.

Technical signals: Weakness after the surge, bearish undercurrents

From the MACD indicator, the dual lines are still running below the zero axis, and the fast line encounters resistance when it touches the zero axis, indicating that the bearish forces are dominant. Currently, ETH has not undergone an effective pullback, and the market is in a state of 'overvaluation'.

Fundamentals: Overhanging bearish sentiment, doubts about the rise

Tonight, the Federal Reserve's related meeting is expected not to release any signals for an interest rate cut, lacking substantial positive support. Without any unexpected news, the market trend is very likely to open high and close low.