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Overnight, the three major U.S. stock indexes all fell, with the Dow falling by 0.21%, the Nasdaq falling by 0.56%, and the S&P 500 falling by 0.33%. Chip stocks generally fell, with AMD falling by over 10%, Qualcomm and ASML falling by over 4%, Intel falling by over 2%, and NVIDIA and TSMC falling by over 1%. Trump-related stocks weakened, with Trump Media & Technology Group falling by over 22%, Phunware falling by over 14%, and Rumble falling by over 8%. Google rose by nearly 3%, with a 35% year-on-year increase in cloud business revenue. After the Wednesday closing, U.S. stock cryptocurrency concept stocks collectively fell in after-hours trading, and the market also saw a slight pullback!
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Yesterday, the BTC market continued the morning's oscillation and fell to 71400, close to the short-term support level mentioned yesterday. It wasn't until the evening that a rebound occurred. Currently, the market is running in a new wave of rise on the daily candlestick level. The daily candlestick explores higher and falls back, with a downward correction in the bearish candle. The short-term oscillation slows down at the high level, and after the downward probe, it failed to break the low point and make further adjustments. It has entered a local contraction and consolidation, and needs to choose a direction after the correction. It is waiting for further confirmation on the daily candlestick. Currently, it is in a high-level consolidation and correction, with a slight convergence in the short-term space. It is currently undergoing a correction of one working day, and the timing depends on whether it can break the range based on the announcement of last Friday's news.
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ETH's daily candlestick is gradually forming a bottom-up pattern, with the trend line rising and hovering around the high point of 2700 again. After the upward probe, it did not quickly pull back, but it did not show a strong high and continued to stay within the range. Today, pay close attention to the breakthrough near 2750, which has been pressured by pullback twice before. Today may see the third upward probe followed by a fall. Yesterday evening, ETH has already pulled back once, reaching the first support level near 2630. Today, the short-term support of the ETH community is still located at 2630-2600, and buying at the support level can still be profitable. Currently, there is a trend of continued upward momentum and new highs, but the momentum is gradually weakening. It is expected that in the next 1-2 days, there will be a rise, swing trading, and pullback coming back!