Observing the US stock market tempo: where are the front-line forces

US stocks heat is back up again—let’s follow the thread and talk a bit.

Today I won’t make predictions; first let’s lay out the US stock market.

The Nasdaq is stronger than the S&P, but the RSI is already approaching the overbought zone. In the short term, it’s more suitable to wait for a pullback rather than chase.

Within the Dow, industrials and financials are rotating in the weightings. The index looks stable, but internally it’s actually cycling.

Compare this to crypto: BTC 85967 (+5.74%), ETH 2753. BTC is strengthening on its own, but altcoins aren’t moving, suggesting that liquidity is contracting—not a true increase in new capital.

You could consider reducing positions in batches, keeping your risk exposure within 1.5 times your account equity.

Do you think this time it can pass?

#美股 #技术面 #BTC

For personal observation only and does not constitute investment advice.