#JASMYUSDT $JASMY

Overnight, the three major US stock indexes collectively rose, all recording a six-week consecutive rise, setting a new record for the longest weekly consecutive rise since the end of 2023. The Nasdaq rose 0.63%, accumulating a 0.8% rise this week; the S&P 500 rose 0.4%, accumulating a 0.85% rise this week; the Dow Jones rose 0.09%, accumulating a 0.96% rise this week. Among them, the S&P 500 and the Dow Jones both continued to hit new closing highs. The crypto market is rotating frequently, with BTC briefly breaking through $69,000, now trading at $68,300, a slight decrease of 0.30%. Ethereum is testing $2,680 and experiencing pressure, with memezone coins leading the rise ranks, while other altcoin coins are also accumulating strength, waiting for rotation to erupt.
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BTC showed an extreme pump trend this week, with no mercy from market sentiment and a skyrocketing price. BTC also saw a rise as expected in the evening, reaching a high of around 69000, but failed to hold steady above 69000. Subsequently, the price started to show a pullback trend. After a detailed analysis of the 1-hour Candlestick Chart of BTC, it experienced a slight retracement and tested the support below before stretching again. Currently, the pressure above is at the 70000 level, and the upside space is slowly opening up, with all moving averages pointing upwards. The short-term overall rhythm has already leaned towards a pullback, so for future operations, we will wait for a retracement before going long.
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Ether is currently making a small move into a high consolidation phase. In the short term, the market sentiment is relatively sluggish, and both long and short positions are gradually deadlocked, with weakened action, entering a phase of adjustment with a pullback trend. As long as the key support level is not broken, the market still tends to move upward. Specific attention needs to be paid to the strength of the pullback. Looking at the short-term hourly chart, the market rebounded yesterday, returning to the upper-middle range and is currently under pressure near the 2680 level. However, each round of decline is recovered by long positions, and the market rhythm remains strong. In terms of operations, it is advisable to continue to maintain a low-long strategy.