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Nasdaq surges strongly, crypto market beware of coordinated pullback
US stocks continue to strengthen under positive catalysts, with the Nasdaq surging over 2.4%, but the crypto market has not followed suit synchronously. Short-term bullish momentum is clearly weakening, with light market activity and low capital inflow sentiment.
As a highly correlated risk asset, the crypto market lacks independent upside logic. Once US stocks experience a pullback, they will likely weaken in sync. In the short term, remain vigilant against the risk of a pullback after rallying higher.
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