$BTC $ETH It feels like the US stock market is struggling to rise, let's quickly push for a new high; otherwise, if the US stock market drops, it will be a disaster.
Fundamental analysis indicates a bearish outlook. Summarizing last November's bull market fundamentals, it was driven by Trump's policies (tax cuts, etc.), which created a sort of uncertain positive trading environment.
Now, in April, the reversal is driven by AI and Trump's suspension of tariffs. Essentially, both gold and US Treasury bonds indicate a bearish sentiment.
From a technical perspective, last year's weekly chart showed a downward correction pattern.
From February to April, there was a direct decline, and the intensity is much stronger this year. Looking at the rebound, the current MACD weekly area is smaller than that of last November (though it's possible that it hasn't fully completed its movement).
As for the Nasdaq, there was a daily/weekly reversal from April, and currently, the momentum has diminished, with corrections firmly in place. If a correction is to occur, it makes sense to rally now; we can't just wait until the index drops before reacting, right?
