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Trump’s visit to China has ended, and the Nasdaq’s pre-market decline has gradually widened, confirming the market logic that “good news is exhausted and becomes bad news.”
In terms of judgment, I think overall it is still mainly bearish. Yesterday, the crypto bill’s Clarity passed, saving BTC and ETH, bringing them back briefly from the state of breaking down so they can continue consolidating at high levels.
However, in my opinion, this is only the bulls struggling. After the good news from the China visit is exhausted, the crypto market should start to pull back. Among them, Bitcoin can be slightly stronger because MicroStrategy has been buying, making it harder to fall. But other coins, such as ETH, Sol, or ICP, are all seeing normal and large declines, and are expected to stay weak for about a week.
#CLARITY法案参议院通关 #BTC #ETH