According to the $BTC line, the rise of Bitcoin and Ethereum has somewhat slowed down, with Bitcoin retreating after reaching 118882.8 and Ethereum declining after hitting 3040.15. The moving averages still show a bullish arrangement; however, Bitcoin's trading volume has not effectively expanded, and Ethereum has a long upper shadow with MACD momentum decreasing, indicating that the subsequent strength of the bulls may be insufficient.

Although there are factors supporting market sentiment such as institutional inflows and technical positives, the SEC's regulatory issues remain a potential risk point.