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After the recent price increase, Bitcoin (BTC) may face the risk of short-term reversal, while the dismal performance of Ethereum (ETH) Futures Exchange Traded Fund (ETF) has also put pressure on cryptocurrency giants.In the short term, the risk of Bitcoin falling seems to outweigh the risk of rising Ethereum's bearish performance has hardly boosted people's confidence in top tier tokens

Ethereum (ETH) prices have supported a rebound in the trend line and broken through the downward resistance trend line in the past 500 days.After breaking through on September 28th, ETH prices reached a high of $1751 on October 1st, but have since fallen, reflecting the trend in the cryptocurrency market

The rapidly soaring SPX index in the first half of 2023 seems to have outperformed Bitcoin prices.The end of the upward trend in the US dollar index (DXY) may indicate a sustained rise in traditional markets and cryptocurrencies

Bitcoin and other cryptocurrency markets are in a loss making state, and according to CoinGecko's data, the largest digital asset by market value fell by 2% within 24 hours, trading at $25716.The token hit a ten-month high of $30000 in April and has struggled to rebound since its sharp decline in May