US stocks opened lower and, even with today’s positive data coming through, failed to break through new resistance. This shows that the head’s momentum has stacked up and that the bullish sentiment from prior big data has already been fully released. Next, it will be the start of a new round of trading rhythm.

US tech stocks fell across the board, and the chip sector’s sharp drop dragged down the Nasdaq. Overnight US housing data was all below expectations. Weakening economic conditions suppressed rate-hike expectations. With double negative catalysts weighing on the crypto market, the scope for a short-term rebound is limited. At high levels, prioritize thinking about going short rather than going long #ETH站稳1900美元 $GT $ETH $BTC