The fact that the encryption bill is not passed has already been largely priced into the market. The overnight rise was driven by anticipation of the bill being approved. However, as various news and signals have an impact, the probability of the bill being passed has clearly fallen—from 33% to the current 16%, which is basically bearish. When bearish news is realized, it turns into a bullish factor. BTC has once again tested the 77,000–76,000 short-term support; the range-bound market remains unchanged, and the market is still mainly positioned for going long on dips. For ETH, reference levels are 2460–2450<$BTC $ETH >