A new week, a new beginning. Good morning everyone.

After the market fell below 80k, the daily chart trend has been declining all the way down, and the current market has not been able to rebound effectively, remaining in a downward state. The market has entered a state of panic again, with the current fear index at 27. Therefore, in the short term, it is crucial to focus on where the market will stop falling. The same applies to most altcoins. I personally believe that the main reason for the market correction is influenced more by the US-Iran news. Additionally, in the daily chart structure, the short-term upward trend has been broken, accelerating the downward movement.

In the weekly chart of BTC, the market has already entered a range-bound consolidation, so this week, the overall market will fluctuate between 73,000 and 80,000, mainly bearish. ETH has been relatively weak recently, remaining in a cyclical oscillation. When the market rises, ETH has not kept up or caught up; when the market falls, ETH retraces more. Therefore, this week, ETH will fluctuate between 1950 and 2250. SOL on the daily chart shows a formation of an inverted V shape, while the weekly chart remains mainly in range-bound oscillation. This week, SOL's overall fluctuation range is approximately 77-89. Switching ETH and SOL to the monthly chart makes it more obvious that they are in oscillation.

In the past five trading days, ETF institutional net outflows have been about $345 million, which indicates that institutional funds are short-term building positions for risk aversion. The outflow of institutional funds also impacts the market and is one of the factors to watch closely. Continued attention to the subsequent movement of institutional funds is necessary.

Today, focus on the following levels:
BTC: around 75,000 below
ETH: around 2,050 below
SOL: around 82 below

Today’s contract strategy:
BTC: Short at 77,500 or on rallies, take profit at 75,000
ETH: Short at 2,130 or on rallies, take profit at 2,060
SOL: Short at 85.5 or on rallies, take profit at 82.5

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