As of October 9, 2025, the Crypto Assets market has shown a complex trend. Bitcoin (BTC) did not continue its previous downtrend last night, but instead rose in sync with the US stock market, reaching a high of around $124,200. However, a pullback occurred afterwards, with a decrease of about $2,000, indicating that bearish forces are still relatively strong.

If Bitcoin breaks below the $122,000 mark again on the hourly chart, it could trigger a secondary pullback. Investors need to be aware of the associated risks. The intraday trading strategy suggests focusing on short positions at high levels, but if the price rebounds and stabilizes around $124,500, short holders should consider closing their positions in a timely manner. Given the recent volatility in the market, it is crucial to pay attention to position management. The current key resistance level for Bitcoin is $124,500, and the support level is $120,500.

Ethereum (ETH) rebounded to $4,558 last night following Bitcoin, but the overall trend remains relatively weak, currently retreating to around $4,400. If this support level is breached, the price may further decline. The intraday trading strategy also suggests taking short positions at high levels, but if there are no suitable short entry opportunities, consider trying to go long with a small position near the $4,300 support level. The current key resistance level for Ethereum is $4,550, and the support level is $4,280.

From a broader market perspective, U.S. stocks performed strongly last night, with both the Nasdaq and S&P 500 indices hitting new highs, reflecting a continued influx of capital into the stock market. This positive sentiment has also, to some extent, driven the Crypto Assets market.

However, due to the U.S. federal government shutdown, the release of several important economic data has been suspended, making it difficult for Federal Reserve officials to make significant adjustments to the current policy stance in the absence of sufficient information. This situation may lead to increased short-term market uncertainty and heightened volatility. Therefore, it is recommended that investors strictly control their positions and operate cautiously in the current environment.

Overall, the Crypto Assets market is currently at a critical turning point. While there are positive factors supporting it, it also faces several challenges and uncertainties. Investors need to closely monitor market trends and flexibly adjust their strategies to respond to various situations that may arise.