The US government shutdown this time has lasted long enough, and market liquidity has been tightly constrained. Funds can't flow in, and expecting a big market move? It's difficult.

My view is that Bitcoin needs to truly initiate the next major rally, which requires the government to reopen and liquidity to loosen, allowing money to flood into the market. In this current situation, patience and waiting for signals are more important than anything else.

From a technical perspective, Ethereum is currently being held down by the 3450 level. This was originally a support level but has now become resistance. To reverse the trend, it must stabilize here, and then there’s a chance to see a range of 3580 to 3660.

Bitcoin is similar; the 104500 to 103800 zone is a dense resistance area. Without volume breakout here, technical recovery is unlikely. Once broken, it can open up an upward channel from 105500 to 106500.

In summary, there are two main points: macro liquidity easing and technical breakthroughs at key levels. Before clear signals emerge, don’t rush to full positions—staying calm is the most important.