US stocks reported a decline, confirming a pullback

Don't worry, it's still in recovery. This week, Bitcoin's volatility is quite large, with both rises and falls. After this process, it is close to the weekend and needs some adjustment. After last night's PPI event, Bitcoin seems to have entered a stable state, with smooth trends and minimal fluctuations, and the rebound is extremely weak 🙃. At this rate, re-establishing stability at 120,000 doesn't seem possible this week. Even if it breaks through 120,000, touching 121,000 should be the limit. If it can't stabilize and falls back, a second waterfall may start!

In contrast, Ethereum's fluctuations are more active, with each rise and fall around several hundred points, moving cleanly and decisively. After just breaking through 4,650, it hasn't shown any behavior to stay above the resistance, indicating that the 4,670-4,700 level still needs to be tested. Looking at the trading volume, it turns out to be an increase with reduced volume! There seems to be a hint of a false signal here. The distance to the resistance level of 4,670-4,700 is quite close, and it is still relatively cost-effective here, with profits still available if it drops to 4,500.

Referencing Ethereum, look from 4,650 down to 4,550-4,535.

If Bitcoin doesn't drop below 116 or go below 117 again, it is hard to see significant movements.
Bitcoin is not in a hurry to be bearish. #比特币