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The three major stock indexes in the United States closed with mixed results, with the Nasdaq rising by 0.41% and a weekly cumulative rise of 2.58%; the S&P 500 index fell by 0.01%, with a weekly cumulative rise of 1.47%; the Dow fell by 0.37%, with a weekly cumulative rise of 0.56%. Meta rose by more than 1%, recording a daily candlestick rise for 20 consecutive days, with the stock price hitting a historical high, and the total market capitalization reaching 1.87 trillion dollars. The company plans to make a large-scale investment in AI humanoid robots. Nvidia rose by more than 2%, while Apple and Netflix rose by over 1%; Amazon, Google, TSL, and Microsoft fell slightly. The crypto market rebounded across the board, with TRUMP and a variety of ETF-expected currencies leading the rise, and with the gradual relaxation of SEC regulations on the crypto world by the U.S., the future market and the rise of AltCoins are promising!
Bitcoin has undergone multiple tests this week and has failed to fall below the 95000 mark, continuing its downward trend. The market has entered a consolidation phase multiple times, with a rebound in the evening testing the 98740 mark before falling back. Despite the rebound, the key resistance above the daily candlestick Bollinger center line has not been broken, indicating a relatively weak trend. Both long and short positions have not shown sustained strength intraday. Although there are signs of a short-term price rebound, with several upward surges, there is a lack of sufficient momentum to break the pressure. Signs of pressure above are gradually emerging, with a small downward trend in the early morning showing a trend of resistance after the high. Therefore, the focus in the early morning should be on whether the price rebound can break through the 98000 mark. The intraday pullback is relatively small, and most candlesticks close with a bullish tone, indicating that the current market is expected to continue to oscillate and recover at high levels. It is advisable to observe first for uncertain grasp and wait for the situation to stabilize above the key level before entering the market.
Ethereum broke through in the evening and rose, currently reaching near the previous high of 2789. In the short term, the rise is close to a hundred points, indicating strong buying momentum. However, it has not yet broken through the 2800 mark. In the past two days, there has been a rebound followed by a slight pullback, showing that there is still strong resistance above. If the rebound cannot be sustained, a pullback will quickly follow. Therefore, it is recommended to be prepared. After this rise in the intraday market, the support has moved up, and the range is narrowing. It is suggested to trade lightly, pay attention to the breakthrough of 2800 above, follow the trend with short-term long positions if there is a rebound breakthrough, and consider light short positions if there is no breakthrough.