Notice

The US stock market is still too authoritative.

It really can rise.

The US stock market saw a big surge last night.

The bulls and bears are in a crazy standoff!

Revisiting the 107000 area with Bitcoin.

However, in the latter half of the night, Bitcoin quietly fell back down.

The reason for this is still the divergence on the daily chart suppressing the price.

To resolve this is not something that can be done by just consolidating for a day or two here.

Historically, such severe divergences have been accompanied by sharp adjustments.

The recent lack of decline is due to the pull from the US stock market, and the market cannot resonate.

Now the Nasdaq on the US stock market is reaching the 19500 resistance level on the daily chart. Moreover, it has also surged up with severe divergence.

Ethereum is being suppressed at 2650. It can't get past that level. It has failed to break through too many times. And every time it approaches 2650, it weakens. There is no desire to rally.

In summary, I still maintain a bearish outlook. I do not believe that the divergence can be digested in the short term. A direct surge from here would only lead to more severe adjustments.

Shen Zichen Village Committee Party Branch