News from Iran and the U.S. is flying everywhere, and the market is confused. In trading, it's better to bet less on news and focus more on the structure.

Good morning everyone

Last night, the market rebounded again, and the key focus recently is whether the market can effectively break through and stabilize around $80k. Personally, I think there is a chance because from a technical perspective, since the beginning of this month, the market on the daily chart has been in an upward trend, especially after breaking through the cyclical consolidation range and continuing to rebound. The overall trend is still good, and currently, $80k is the most closely watched level in the market. If the market can hold above $80k, there is still a chance for another upward wave, and the market will also truly exit the cyclical downtrend, leading to a new round of market movement. This will be a watershed between bull and bear, and it is also the key to distinguishing whether the market is just a short-term rebound or the start of a real bull market.

As for whether the US and Iran can negotiate smoothly, the market is also waiting. We will continue to closely monitor this. What has been said before is already enough; as for what happens next, we can only watch as we go. Personally, there isn’t much to say. One point to note is that there are quite a few false news reports about the消息面, so be careful to discern them. Meanwhile, the market has become numb to the back-and-forth of US-Iran negotiations, which has caused confusion. Besides waiting, there is nothing else to do.

Yesterday, institutional funds flowed into crypto ETFs by about $130 million, and during this period, institutions have been continuously and actively buying and deploying, which indicates that in the short term, institutions remain optimistic. Therefore, we need to pay attention to whether they will continue to buy in the future. Currently, the liquidation map shows that long positions in BTC are dominant and sparse, while ETH and SOL are dominated by shorts and slightly dense, indicating market disagreement.

Today, the overall short-term market will stay between 77,000 and 80,000; ETH on the daily chart is mainly sideways in the short term, with a fluctuation range of 2,320 to 2,430; SOL’s short-term fluctuation range is 84 to 89.5.

Short-term contract strategies:
BTC: 77,500 or buy on dips, take profit at 79,500

ETH: 2,350 or buy on dips, take profit at 2,430

SOL: 85 or buy on dips, take profit at 88

Warm tips:
1. Stop-loss suggestions should be set according to your actual liquidation price and your ability to bear losses.
2. Don’t be greedy; lock in profits when possible. Better to take small losses than fight against the trend. If the direction is correct, hold on.
$SOL ‌$ETH ‌$BTC ‌