Overnight Market Dynamics and Key Points for This Week

Overnight, global financial markets exhibited a rich variety of changes. The three major U.S. stock indices collectively closed higher, reflecting positive market sentiment. The Dow Jones Industrial Average rose by 0.85%, steadily climbing supported by a series of economic data and corporate earnings reports; the Nasdaq Composite Index climbed 0.31%, despite mixed performances among tech stocks, the overall trend still pushed the index upward; the S&P 500 Index also achieved a 0.64% increase, with coordinated actions across sectors contributing to a favorable market trend.

There were significant differences in the performance of popular tech stocks. Intel surged nearly 7% due to expectations of technological breakthroughs in the chip sector and further market share expansion; AMD benefited from its strong positioning in data centers and gaming, rising over 3%. However, Tesla fell more than 4% due to rising supply chain costs and increased market competition; Nvidia and Amazon both dropped over 1% due to industry competitive pressures and slowing growth in cloud services, respectively.

In the cryptocurrency market, a broad rebound was observed. Bitcoin performed particularly well, breaking through the $84,000 mark, demonstrating strong upward momentum; Ethereum also gradually stabilized around the $1,900 support level, with trading volume showing a moderate increase, indicating a gradual rise in market participation. The most critical factor this week is the Federal Reserve's interest rate meeting on the 20th. Decisions regarding interest rates and Powell's statements during the meeting will have a profound impact on global financial markets, including U.S. stocks and the cryptocurrency market, drawing significant attention from all sectors.

At the beginning of the week, the market is unlikely to provide clear directional guidance. At this time, the operational strategy is quite simple, summarized in two words — "Card Point."

Bitcoin: Fluctuating Upward Pattern After a Surge and Pullback

Overnight Market Review

Bitcoin surged strongly overnight, reaching around $84,788 before encountering strong resistance, followed by a noticeable slight pullback. Currently, after the surge, Bitcoin is experiencing a phase of consolidation. In terms of price movement, it shows a pattern of alternating small upward and downward movements, but overall, it remains in a gradual upward trend.

Technical Analysis

From the four-hour chart, after continuous oscillation and correction, the market made a small rebound during the midnight period. Unfortunately, the bullish momentum failed to sustain and achieve a key breakthrough, quickly facing pressure and undergoing a pullback correction. A careful observation of the market shows that the main pressure is clearly concentrated around $85,000, while the support level is relatively solid around $82,000. Analyzing from the momentum perspective, both bulls and bears have limited continuation strength at this stage, and the market is in a relatively stalemated state.

In terms of the current market structure, the short-term is clearly in a sideways oscillation state, with the price stabilizing above the middle band of the Bollinger Bands, continuously recovering lost ground in a cautious and slow manner. In the short-term trend, it is mainly advancing gently in the form of small upward candles, although there are continuous pullback actions, they have not changed the current strong structure. Although there are pullbacks in the short term, they have not been sustained, and the overall trend remains firmly in an oscillating upward trajectory. Similarly, the hourly upward channel remains intact, with the price receiving strong support from the upward trend line after a pullback, making it difficult for the pullback to extend, laying a certain foundation for the bulls' subsequent efforts.

Given the relatively slow market trend in the short term, subsequent operations should still focus on laying out around the support level. Position long orders near the support level, setting reasonable stop-loss and take-profit levels to cope with market uncertainties.

Ethereum: Lingering and Waiting in a Range Oscillation

Recent Market Performance

For Ethereum, there has been little significant change. After rebounding to around $1,950 overnight, it quickly stalled and retraced, currently quoted at $1,926. The short-term market has been operating within a relatively narrow range, with no significant breakthroughs to disrupt the balance. On the daily chart, the price remains under downward pressure, currently near the middle band, showing certain weak characteristics.

Technical Indicator Interpretation

On the four-hour chart, the price is close to the upper middle band, with a long lower shadow indicating some support at this position, which may trigger a rebound or consolidation. On the daily chart, the K-line alternates between bullish and bearish, with small K-line bodies, suggesting that the range oscillation pattern may continue in the short term. In the four-hour chart, the oscillation space is further narrowing, and the market is likely to continue its sideways trend in the short term.

In short-term operations, there is no need to pursue excessive space. Unlike Bitcoin, Ethereum's market has essentially returned to a stable state similar to last year, with relatively limited space. Before any breakout signs appear, one can engage in back-and-forth switching operations, laying out long and short orders near the upper and lower edges of the range, strictly controlling risks, and seizing profit opportunities in the oscillating market.

If you are feeling lost — not understanding technology, unable to read the market, unsure when to enter, not knowing how to set stop-losses, unclear about take-profits, randomly increasing positions, getting stuck in bottom fishing, unable to hold onto profits, missing market opportunities… these are common issues for retail investors. But don't worry, I can help you establish the correct trading mindset. A single profit is worth a thousand words; repeated failures are not as good as finding the right direction. Instead of frequent operations, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.

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