Based on the current trend of BTC like this, it’s not hard to see that the overall market is still very likely to move toward around 60,000. And from the 1st of this month until now, it has been falling continuously—already down about 11,000 points, with a decline of roughly 15%. During this period, there hasn’t been any decent rebound. The market has long since lost confidence, and panic continues to spread. As for most coins like Ethereum and SOL, there’s even less to say—the trend is also not optimistic, once again intensifying the crypto market’s move toward an even larger deep bearish phase.

The market is currently more focused on whether the overall market will break below the previous low. Personally, I think it will, and it will continue to move toward the “5” range. Moreover, coins like this—such as ETH and SOL—are already nearly testing this year’s previous lows. Combined with external uncertainties in localized areas like Iran and the Middle East, as well as the impact of crypto institutional funds flowing out and seeking safety, it will only further intensify the market sell-off, panic, and a more gloomy sentiment.

With no positive news, and according to the pace of the declines over the past few days, from a monthly chart perspective, I personally believe the next overall market downtrend range will be in the 50,000–55,000 range. We’ll see whether a bottom can form. Therefore, in contract (futures) strategy, the plan remains unchanged—staying short at high levels—while spot can start building positions in batches to bottom-fish. When it’s unclear where the real bottom is and you don’t have a bottom signal yet, you can only trade in batches or wait for the real bottom signal.

Today’s BTC short-term focus support level is around 60,000. Today’s ETH short-term focus support level is around 1,700. Today’s SOL short-term focus support level is around 66.

Today’s contract strategy:
BTC: 63,500 or short on rallies, take profit at 60,500

ETH: 1,800 or short on rallies, take profit at 1,720

SOL: 70.5 or short on rallies, take profit at 67.5

Warm reminder:
1. Stop-loss suggestions should be set according to your actual liquidation price and the principal you can afford to lose.
2. Don’t be greedy—take profits where possible. It’s better to take a small loss than to hold through a position against the trend. If the direction is correct, continue holding.
$BTC ‌$ETH ‌$SOL