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Brothers, happy weekend. Here's a brief overview of the current market situation.
Bitcoin and Ethereum had a small surge last night and then pulled back. Today, they rebounded slightly but did not recover yesterday's losses. Bitcoin reached a high of 95,700 and then retraced to 94,300, fluctuating. Ethereum surged to 3,320 and then pulled back to 3,252, currently consolidating around 3,280.
The market is no longer experiencing the single-sided rapid rise seen at the beginning of the year. Instead, it's now a period of sideways consolidation at high levels, with fewer chasing the highs and a stalemate between bulls and bears. The Fed's rate cut expectations provide some support, but without new news, the key factor is the US crypto regulation negotiations. Don't chase trends in your trades; focus on support and resistance levels, and wait for new developments to break the deadlock.