Will U.S. Treasury and stock futures plummet with a spike in tomorrow’s morning session?
After a panic sell-off in the morning, the market showed a weak rebound, oscillating to digest selling pressure. The smaller time frames are gradually strengthening, especially with ETH experiencing significant declines, showing a double spike rebound trend in the 4-hour chart. However, the overall trend remains strongly bearish, and the upside rebound space may be limited. Key resistance levels are seen at 103500-104000 and 2300-2350. Currently, the focus is on watching and waiting, while guarding against a spike down tomorrow morning;
The BTC daily chart has yet to show the third wave of decline. It needs to break the previous low of 100300. We will observe the panic reaction of U.S. stock futures and Treasury bonds tomorrow morning. If it breaks below 100,000, the probability is high, with strong support around 97500. It is advisable to consider bottom-fishing after the third wave shows on the daily chart, waiting for a spike and a stable daily SKDJ golden cross;
The ETH daily chart has shown the structure of the third wave down. We need to see where the bottom is. The support from the weekly midline and trend is at 2100-2150. If it breaks this week’s low, we will see the third K-line of the weekly correction wave. There is a high probability of a new low after the close at 8 AM tomorrow, coinciding with the opening of the futures market;
For SOL, pay attention to the trend support around 122-125;
