The Fed stopping its balance sheet reduction basically means the end of quantitative tightening. But don't get too excited; this doesn't mean the floodgates are opening. They just don't want to trigger a collapse in the financial system.

Honestly, the current macro environment is simply one word—bad. Looking at technical indicators is pointless. Take Ethereum as an example: long positions bought at $1400 and short positions opened at $4800—people are still trapped in these positions. At this point, are you still looking at MACD? Wake up; the market simply doesn't follow the usual patterns.

So sometimes you have to admit that when the macro environment is suppressing the market, even the most precise technical analysis has to step aside.