U.S. stocks opened lower and continued to decline in the evening. Here's a brief market update.

BTC

Bitcoin is currently in a downtrend, forming a double top at the peak. The market indeed has a need for a correction, touching the bottom of the weekend consolidation at 1079. If it does not break below this level, one can enter the market around this position. If it breaks below 1072, exit manually, as a break below 1072 would indicate a daily downtrend starting, with the initial target set at 1093.

ETH

Ethereum is currently above the mid-line of the four-hour chart. The correction spike just reached the support level of 2535, quickly bouncing back up. One can enter the market at this position, aiming for a breakthrough at 2580 and looking towards 2635.