The weekend market has changed from the weak pattern of the previous days, directly reversing and rebounding. Has the crisis been resolved? Have US stocks bottomed out? In fact, the crisis is far from over, as the trade situation may escalate again or trigger other unforeseen risk events. The current market rebound can only be seen as an opportunity for escape and does not fully represent a positive signal. It is well known that the stability of the global financial market is based on US Treasuries. However, the current turmoil has led to a sell-off of US Treasuries, and if yields continue to rise, it will indicate a deterioration of the financial environment in the United States. Perhaps that is when the real crisis begins. In contrast, the market performance in the East is good, and the outstanding response ability not only boosts market confidence but also invigorates the world. In the coming week and beyond, the biggest risk comes from the spread of panic. The market is not only more concerned about the risk of a US economic recession but also worried about the credit crisis triggered by a decline in the US dollar, the sell-off of US Treasuries, and the confidence crisis in other assets. If panic continues to spread and intensify, then cryptocurrency prices may continue to rise.

From the current market trend, on the daily level, there has been a significant drop followed by a rebound, and we are currently in an adjustment phase. On the hourly level, prices are fluctuating at high levels, forming multiple long upper shadow candlesticks, indicating heavy selling pressure in the market. The technical indicator MACD on the hourly level has turned from positive to negative, indicating that there may be further pullback pressure in the short term. The daily level still maintains a bullish trend, but momentum is weakening. The hourly RSI is close to 50, indicating that the market is in a neutral state; the hourly EMA7 and EMA30 have crossed downwards, showing a bearish trend in the short term; the daily EMA moving averages are in a bullish arrangement, but the price has fallen below EMA7, so attention should be paid to the support strength. Considering the current fundamental impacts and the technical perspective, the short-term upward momentum of cryptocurrency prices is good, and it is precisely because bullish sentiment is very high at this time that it is inevitable to trigger violent price fluctuations, even repeated washing of positions. In terms of operation, everyone needs to pay attention to implementing risk control measures.