Good morning everyone!

There are new developments in the US-Iran incident, and once again a dramatic reversal is unfolding. The market had generally believed that Trump would continue to increase pressure on Iran, but last night Trump suddenly stated that the related strike plans would be paused, and revealed that the negotiations so far have been approved by Iran’s top leadership. The two sides may soon announce the time and location of the agreement signing.

Affected by this news, the US stock market and the crypto market saw a rebound and rally. However, this kind of plot is not unfamiliar to the market, and it is also very consistent with Trump’s usual style of “apply pressure while negotiating.”

As for whether the US and Iran can truly reach a peace agreement this time, the overall market performance is relatively rational. It’s not that the market has become numb, but that investors have long had expectations of Trump’s approach. Before the agreement is officially put into effect, any news still has the possibility of another reversal. Therefore, the market mostly remains on the sidelines, waiting for further tangible progress.

In terms of trading strategy, I personally believe we should remain cautious in the near term. First, focus on the latest developments in the US-Iran situation; second, observe institutional fund flows and changes in market data; then, make a comprehensive judgment by combining the overall trend of the US stock market and the crypto market before executing trades.

Although the current US-Iran talks have released some positive signals, because there is still considerable uncertainty in the news, it is recommended to continue to focus on a steady strategy, mainly short-term trading, and not to blindly chase rallies.

From the current market picture, the broad market is still in a short-term range-bound repair phase. Market sentiment has warmed up, but there are not yet clear signals of a trend turning point.

As for today’s market direction: overall, it remains slightly upward with oscillations.

BTC: in the short term, watch the resistance area around 65000;

ETH: in the short term, watch the resistance area around 1730;

SOL: in the short term, watch the resistance area around 69.

If the above resistance zones can be effectively broken through, it may open up further space for the rebound; if price meets resistance and pulls back, it will most likely continue to maintain a range-bound consolidation trend. Therefore, it is recommended to control position sizes, mainly conduct short-term swing trading, and patiently wait for the market to provide clearer directional signals.
$BTC ‌$ETH ‌$SOL