The current market is completely trapped in irrational panic, with a clear stampede effect. News about institutions transferring tokens to platforms has made an already fragile market feel anxious. Fear of institutional sell-offs leads to foot voting. Short-term technicals are completely distorted; only major historical support levels offer resistance. When sentiment disperses, it becomes difficult to lead the team. The environment is very harsh right now. Restoring emotional stability is the top priority. Do not despair, nor be overly optimistic about left-side heavy positions. Maintain a calm mindset, isolate emotions, return to the essence of the system, adopt an empty cup mentality, and make decisions solely based on signals. Believe in the power of belief. Many outstanding people in history have experienced these darkest moments before realizing value. The only difference is that they can stay sober and calm, persist through it. So do not panic excessively, simplify your approach, focus only on signals. Keep going, dear readers.

BTC: On the daily chart, Bitcoin is approaching the low point of 59,900 from February this year. At 10 a.m., it hit a low of 61,300. The subsequent recovery has been disappointing. It is now again approaching the intraday low. From a technical perspective, multiple retests confirm that this is a necessary step for trend reversal. Be cautious: if a new low for the year is broken, will it trigger an extreme move like the one on October 11 last year, with a 17% single-day shock? Currently, with market sentiment fragile, attempting a left-side test should not be reckless. For example, if early morning 613 holds successfully, feeling confident, but then in the evening session it gives back profits, FOMO can easily build up, leading to wrong decisions later. So, trying to buy the dip is okay, but two principles must be followed: first, always set a clear stop-loss before entering, and it must be unmovable and adjustable only if necessary; second, follow principle one strictly.
Regarding levels, the low of the year has not been broken yet. The last resistance zone is between 59,500 and 60,800. If broken, the next support levels go back to 2024, in order: 60,800 - 59,500 - 58,400 - 57,000 - 55,800 - 54,000 - 52,400 - 50,500. These levels have been tested in 2024. Tonight, observe whether 59,500 can hold. Upward recovery targets are 62,880 - 64,150 - 65,400. Most of these are within the chart (see the chart for details).

ETH: ETH has already hit a new low for the year. The support levels trace back to April 2025. Coincidentally, last April’s market was also influenced by the US-Iran news. The major support zone of 1,553 - 1,669 has played a strong role since last year. Tonight, watch whether the upper resistance at 1,669 - 1,714 can hold. If it’s tested, use 1,669 as a defense. If it breaks down, look for support within the box, as shown in the chart. I trust my levels; no need to worry excessively.

Closing remarks: Markets are born in despair. Our strategy remains unchanged: survive, wait for the wind. #ETH跌幅超5%

BTC-3.77%

ETH-3.96%

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