78000 rebounds to 88000, the bull returns. It's just a trick to fool us.

1. From a technical perspective: The four-hour upward channel has broken, dropping 3000 points to reach 83500. If this rebound is weak, it will look to find support at 81500-79000.

2. Market sentiment: Recently impacted by multiple blows, including macroeconomic uncertainty and policy changes, confidence has declined due to various factors. Many institutions have chosen to escape the peak again, taking profits and exiting, leading to increased market sell pressure. After the profit-taking, the market may experience a period of adjustment to digest this sell pressure. During the adjustment period, price fluctuations may increase.

3. The Federal Reserve's policy decisions do have a significant impact on the cryptocurrency market. The current policy dynamics of the Fed have become the focus of investor attention, and each decision may become a key point for the market. Potential shifts from institutional investors and regulators should not be overlooked either. These shifts may stem from a reassessment of market trends, adjustments to cryptocurrency regulatory policies, or a renewed understanding of the macroeconomic environment. Once these shifts occur, they may quickly change the supply and demand dynamics of the market, triggering a reversal of the current downtrend.

Let's talk about Ethereum, how should we evaluate it? I'm not optimistic about this coin and plan to give up.

There really isn't much worth analyzing from a technical standpoint. The recent crash has a few reasons.

1. Related to the 19B-4 application for Ethereum ETF staking. According to SEC rules, a response must be made within 45 days of submitting the application, and if the content is complex, it can be extended to 90 days. Looking back at the timeline, if the U.S. doesn't respond today, the deadline on the 30th will be the last day.

In other words, the application delay is a sure thing.

2. I believe many of you have heard this news recently. Many whales betting on the approval of the Ethereum staking application will sell off early. In the past 8 hours, two new wallets have collected over 14,000 Ethereum.

There aren't many retail investors left; those who remain in the market are mostly large holders, with little price increase.

Summary: Whether the subsequent market trend rises or falls purely depends on the mood of the big players.

Current trend also hit a small support at 83600, forming a double bottom. Those looking to take advantage of the rebound can enter with a small position.

Those who want to join in, leave 168, and share the thought process of trading layout.

$BTC $ETH $NEIRO

#金价走高 #加密市场回调 #美国加征关税