Today is Monday, and the US stock market will open in the evening. From the current trend of the US stock market, there is a demand for a rebound, especially since Bitcoin has successfully stabilized above the 100,000 mark.
So, will the adjustment in the US stock market end and lead to a rebound in the next couple of days with the interest rate cut? This might push Bitcoin to reach its previous highs.
In the crypto market, the focus is on Bitcoin. As long as Bitcoin's direction is clear and it stretches to a certain range, after consolidation, altcoins will still attract a supplementary rally.
Therefore, these next couple of days are crucial. It is important to determine whether Bitcoin is genuinely stretching or just a false signal. Particularly during this critical time window, we must always be vigilant about market risks. It is advisable for traders to set proper stop-losses.