Good morning everyone

Looking at the current market trend, the market continues to fluctuate downward with limited rebound strength, and most altcoins like Ethereum and SOL are showing even more weakness. Therefore, without positive news, I personally believe that once the price breaks below the daily upward trend structure of the market, this round of rally will be nearly over. So in the short term, focus on the 75,000 level below to see if it can hold support around the US-Iran situation.

Currently, the news is stuck in a deadlock, and we still need to watch the US interest rate decision and Powell's final speech. As for whether there will be a rate cut, the market has already anticipated this, generally expecting no change this time. The market is more interested in Powell's speech content, so we are waiting. For this, today's strategy is more suitable for short-term swing trading.

ETF institutional funds net inflow yesterday was about $14 million, indicating that overall institutional trading volume is not high and they are cautious in the short term. Currently, in the liquidation map, BTC, ETH, and SOL are slightly favoring bears, but the degree of long-short concentration is moderate, which also confirms the market's cautious sentiment, mostly waiting for clearer signals.

For today, the overall market fluctuation range is 74,500-77,500, ETH's overall fluctuation range is 2,200-2,330, and SOL's overall fluctuation range is 82-86.

Today’s contract strategies:
BTC: Short at 77,500 or on a rally, take profit at 75,500

ETH: Short at 2,320 or on a rally, take profit at 2,250

SOL: Short at 85 or on a rally, take profit at 83

Warm tips:
1. Stop-loss suggestions should be set according to your actual liquidation price and your risk tolerance.
2. Don’t be greedy; lock in profits and avoid holding onto losing positions. Better to take small losses than fight against the trend. If the direction is correct, hold on.