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Notification
Weekly closing completed
Monthly closing has 2 days remaining
Currently, based on the daily K-line,
the structure remains bearish
and the weekly MACD is hovering near the zero line.
The MACD shows a downward trend.
This morning, there was a downward spike,
but it has now recovered.
The US stock market has fallen to around the 62-week moving average,
which provides some support.
However, historically, it often drops below support before bouncing back.
Trump is speaking again today,
and it’s expected that the main players are still waiting for Trump’s rhetoric to decide the direction.
Summary
Currently, the US stock market remains bearish.
The breakdown of Bitcoin and Ethereum structures also indicates a bearish outlook.