In the current market, both bulls and bears are engaged in fierce battles, with the situation becoming increasingly tense and difficult to determine a clear winner. The US stock market is set to reopen after a one-day closure. Against this backdrop, expectations for capital inflow are growing stronger, and this variable could very well become the key factor in breaking the current stalemate.
After the US stock market opens, its performance will have a significant guiding effect on the cryptocurrency market. If the US stocks perform strongly and create a positive driving effect, a large amount of capital may flow into the crypto market accordingly. At that point, if the bullish forces can effectively rally and exert strength with this tailwind, breaking through the current key resistance level, then achieving new price highs is not out of reach. Conversely, if the bears seize the opportunity and concentrate their forces to sell off, the market should be wary of a significant price pullback, testing the lower support levels. Investors need to closely monitor the dynamics of the US stock market opening and changes in capital flow in order to adjust their trading strategies in a timely manner.
