Let's take a look at the overnight dynamics of the US stock market. The three major indexes all showed a slight upward trend. The Dow Jones Industrial Average rose by 0.02%, the Nasdaq Composite Index increased by 0.07%, and the S&P 500 Index rose by 0.25%. Meta performed poorly, falling by more than 2%, ending the impressive 20-day winning streak; while Intel shone brightly, rising by over 16%, reaching a new high since August last year. However, the crypto market went in the opposite direction to the US stock market, with the futures market experiencing a major liquidation. The price of BTC sharply fell, reaching as low as $93,330; Ethereum also did not escape, falling to a low of $2,604. Other altcoins followed suit with varying degrees of decline. It is worth noting that LTC showed independent movements, quickly rebounding after testing the $119 level; on the other hand, SOL, affected by unlocking factors, continued to decline in price, testing as low as $160 before a slight rebound. This shows that news and market narratives often play a key role in the PA of a cryptocurrency, so it is essential to closely follow the dynamic changes in the news.

Refocusing on the intraday performance of BTC, it showed a small range of shock consolidation in the early session, and then made a strong upward move in the late session, probing the $96691 level, but encountered strong resistance at the high and then began to fall back. Affected by the decline in US stocks, the BTC price continued to decline, testing as low as the $93330 level before experiencing a rebound, currently running near the $95500 level. From a short-term perspective, after this fall, the market is trying to initiate a rebound. From a technical indicator perspective, the BOLL indicator channel opening has gradually transitioned from the previous expansion state to convergence, clearly reflecting that market volatility is gradually decreasing. This situation suggests that the BTC price may consolidate around the midline in the short term. However, it is important to be cautious as the rebound strength of the bulls may struggle to break through the strong pressure of the midline.

Next, take a look at the market of Ethereum (ETH). After reaching a high of $2848, Ethereum experienced a pin bar phenomenon. Currently, it is still oscillating within a small range, with the price basically falling back to yesterday's starting point. From a daily chart technical analysis perspective, the MACD indicator has been in the red for 5 consecutive days, but the price has not shown a significant increase. The future direction of Ethereum largely depends on whether Bitcoin (BTC) will experience a false fall before rebounding. Currently, Ethereum has been testing the short-term support level of $2600, but the rebound height is very limited. It is also necessary to pay attention to whether it will further drop to the $2350 - $2420 range. Currently, there is relatively strong selling pressure in the market, and the buying support is clearly insufficient, which will pose significant pressure on the upward movement of Ethereum's price in the short term. As long as this supply-demand relationship and technical indicators do not show clear reversal signals, the high-altitude strategy still maintains a high level of feasibility and safety in the current market conditions.