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Market dynamics show that the Nasdaq index, dominated by technology stocks, and the S&P 500 index, representing large U.S. companies, have basically recovered their previous fall and are expected to hit new highs. However, the Dow Jones index, primarily composed of traditional Blue-Chip Stocks, is still hovering below its previous peak, and breaking through resistance will take time.
In the cryptocurrency market, Ethereum (ETH) has shown impressive performance, breaking through the $4000 level, and is likely to continue pushing towards $4100. In contrast, Bitcoin's rebound momentum appears somewhat weak, currently facing resistance in a flag consolidation pattern, with the key pressure level at around $114700 near the 20-day moving average.
Despite Bitcoin's lackluster performance, the overall enthusiasm in the cryptocurrency market remains strong. Market participants are closely monitoring changes in policy, particularly the U.S. government's stance on cryptocurrencies and the Federal Reserve's potential actions regarding Bitcoin. These factors could significantly influence the future direction of the market.
Investors should be cautious; although some assets are performing strongly, market risks still exist. It is advisable to consider all factors comprehensively when making investment decisions and to manage risks appropriately.