The news of the imminent tariff negotiations between China and the United States has stimulated the market, causing a brief rise in the cryptocurrency market this morning. Bitcoin surged to around 97,700, while ETH (commonly known as '二饼') also climbed to 1,843 USD, approaching the strong resistance zone of 1,850.

Technical Signals: Weakness after the surge, bearish undercurrents

From the MACD indicator, the dual lines are still operating below the zero axis, with the fast line facing resistance upon touching the zero axis, indicating that bearish forces are dominant. Currently, ETH has not experienced an effective pullback, and the market is in a state of 'overvaluation'.

Fundamentals: Bearish pressure, doubts about the rise

Tonight's Federal Reserve meeting is not expected to release any signals for interest rate cuts, lacking substantial positive support. Without any surprises, the market trend is likely to open high and close low.