Global stock markets, driven by the U.S. stock market, have entered a downward trend. Yesterday, the U.S. stock market plunged again, with the three major indices falling nearly 2%, marking two consecutive days of heavy declines, with dark clouds gathering. It remains to be seen whether this is just a risk test or the beginning of a real correction.

Today, Asian stock markets collectively opened lower but have shown some recovery, while the crypto market did not experience a deep plunge yesterday, with prices remaining near previous lows. Due to the significant decline earlier and the end of the capital withdrawal effect caused by the highly watched SpaceX IPO in recent times, the market is gradually regaining vitality. Even so, the bullish forces remain weak, and the bears still hold the dominant position. Both the 1-hour and 2-hour timeframes $BTC have not formed a bullish trend.