Good morning, everyone. I’m Xiami. It’s Friday today—will the overall market change direction?

From the current market at the daily chart level, overall it still remains in a slight fluctuation and a sideways, range-bound state. On the weekly chart, it has formed a doji star structure, and most major coins have also entered a short-term consolidation phase.

As for why there hasn’t been a clear market turn this week, it’s mainly because the dynamic developments in the US–Iran situation have not yet released a clear direction. Secondly, the trading volume of market institutional funds has recently declined. Overall, there is a lack of clear positive stimulus signals, causing the market to enter a brief period of observation and waiting. Therefore, for the current short-term trading strategy, it is still recommended to focus mainly on swing trading and short-term trades.

As for whether the overall market will see a change in direction today, I personally think the probability is not high. Being able to maintain a sideways consolidation in the short term is already relatively ideal. The reason is that the market’s liquidity and sentiment are still relatively fragile. If even a small amount of negative news appears, once the overall market pulls back, most altcoins are likely to experience a larger drop, and market panic sentiment can be quickly amplified.

Therefore, what’s more important in the near term is to stay patient and wait for the real direction to emerge.

On the news front, continue to focus on the Middle East situation’s subsequent developments, and also on tonight’s 23:00 statements after Wosh takes office as the Federal Reserve Chair, to see whether signals about interest rates and market liquidity will be released.

Reference for today’s short-term volatility range:

BTC: 76500 - 78500
ETH: 2100 - 2160
SOL: 85.5 - 88.5

The core of the current market is still: before the direction is clear, control your position size and wait patiently.
$BTC ‌$ETH ‌$SOL ‌