The news of the upcoming tariff negotiations between China and the United States has stimulated the crypto market, with a short-term surge this morning. Bitcoin soared to around 97,700, and ETH (commonly known as 'two cakes') also rose to 1,843 USD, approaching the strong resistance zone of 1,850.

Technical signals: Weakness after the surge, bearish undertones.

From the MACD indicators, both lines are still running below the zero axis, and the fast line faced resistance upon reaching the zero axis, indicating that bearish forces are dominant. Currently, ETH has not experienced an effective pullback, and the market is in a 'falsely high' state.

Fundamentals: Bearish pressures, doubts about upward movement.

Tonight, the Federal Reserve's related meeting is not expected to release signals for interest rate cuts, lacking substantial positive support. If there are no better-than-expected news, the market trend is likely to open high and then fall.