Recently, the market has faced multiple external pressures, but the cryptocurrency market has shown surprising resilience.

From a macro perspective, geopolitical tensions have escalated, and significant changes have occurred in US policies. These factors typically trigger risk-averse sentiment in the market. At the same time, related events involving Federal Reserve officials are unfolding, which often lead capital to flow into safer assets. Gold and silver have hit all-time highs, and US stocks are generally declining, all clear signals of risk aversion.

However, there is an interesting phenomenon—despite the bearish news, digital assets are moving against the trend. Amid the decline in US stocks, the overall market is still rising, indicating that bullish forces remain strong.

From a technical analysis standpoint:

BTC has broken through a key resistance level, with the next target around 94,300. However, a bullish inside bar has appeared on the 4-hour chart, suggesting that bullish momentum is waning. If the market continues to be bearish, aggressive traders might open short positions at the recent high; more conservative approaches would wait for a large bearish candle to retest the support zone before considering entry.

ETH's technical pattern is similar to that of BTC, but the bullish strength is noticeably weaker. The 1-hour chart has shown consecutive long upper shadows, with each rebound being suppressed—classic signs of weakness. Support is around 3140; traders can either wait for this level to be tested or consider shorting at the high points on the left side of the chart.

Currently, the market logic appears somewhat contradictory—weak news sentiment but firm prices. This divergence often indicates that a direction will be confirmed soon. Watching the next few candles should provide clearer answers.