7.2 BTC-ETH

Recently, U.S. stock market whales have been cashing out, there is no intention to postpone tariff negotiations with Trump, the large infrastructure bill has been rejected, and Powell reiterated a wait-and-see approach while refusing to commit to a timeline for interest rate cuts. The market is rife with volatility, and the risk of chasing high positions is extremely high! Yesterday's rebound was precisely targeted, with Bitcoin moving between 2.5K-115.

From a technical perspective, the U.S. stock market has retreated, Bitcoin's daily chart shows a downward inverted hammer, KDJ has shown an initial death cross, MACD is converging, and there have been 11 consecutive negative hours on the four-hour chart. A slight rebound is expected to correct indicators within the day, but the main focus remains on rebound trading. Upper resistance is at 106500, 108000, while lower support is at 105000, 103000, and the significant 100000 level.

BTC range trading at 1060-1065, target remains unchanged at 104-103 for the long-term 100000 level!

ETH range trading at 2410-2440, target 2350-2300

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