In the past two days, the major market's 4-hour and daily chart trends have been in a narrow range of sideways consolidation, with overall fluctuations not being very large, and Ethereum and most altcoins also following the sideways movement. Therefore, in the short term, we still need to wait for the market to change direction, and the key point to watch is whether the market can hold above 76,000 and start gradually building a bottom.



Why is the market fluctuating so little? Mainly because the market is waiting for further developments between the US and Iran. As previously mentioned, the US and Iran are still uncertain whether it's a war or peace, and everyone is waiting for Trump’s news. As a result, institutional ETF funds have net outflows of about 1.6 billion USD over the past five trading days, with yesterday’s net outflow only about 3.85 million USD. Institutions are also in a wait-and-see mode, with low trading volume and cautious sentiment, leading to the current flat market trend and a short-term quiet period.

Therefore, today’s Bitcoin (BTC) will likely continue to follow the recent trend, with a short-term overall fluctuation range between 76,000 and 77,500. Ethereum (ETH) is slightly weaker, fluctuating mainly between 2,050 and 2,150. Solana (SOL) is also oscillating downward, with a range of 82 to 85. Pay close attention to whether the market drops below 76,000, which could accelerate further downward movement. Additionally, most altcoins like ETH and SOL are already in a downward sideways trend, so everyone should be especially cautious about risk and position management.

Today’s contract trading strategy is mainly swing trading:
BTC: Short at 77,200 or sell on rallies, take profit at 76,000

ETH: Short at 2,120 or sell on rallies, take profit at 2,090

SOL: Short at 85 or sell on rallies, take profit at 83

Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your ability to bear losses.
2. Do not be greedy; take profits when possible. Better to realize small losses than to hold against the trend. If the direction is correct, continue to hold.
BTC1.46%
ETH1.5%
SOL2.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned