Global capital market risk assets continue to soar, with U.S. stocks rising 1.5% before the market opens, a 23% increase in April, and the Korea Composite Index up over 6% intraday. Asian and European stock markets collectively closed higher, with AI, semiconductor, and storage sectors leading the gains. The market is a bit overheated, and Bitcoin may continue to follow the strength of U.S. stocks, while Ethereum remains relatively weak. The short-term overall strategy is to go long on Bitcoin, with phased deployment of Ethereum short positions.

ETH-0.16%
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