Good morning, everyone. A new week, a new beginning~

As details related to the US-Iran understanding memorandum are gradually confirmed, and market expectations suggest that the two sides are likely to formally sign the agreement this week, this has once again given the market hope for easing tensions between the US and Iran. Driven by this news, both the US stock market and the crypto market saw a round of rebounds and gains.

However, the market is still closely watching the subsequent developments, including whether the agreement can be implemented smoothly, whether there will be another reversal, and whether factors related to Israel and others will bring new impacts to the situation. These will all be the directions that the market will focus on this week. Personally, I believe that if the US and Iran can complete the formal signing successfully, it will further boost market confidence and help risk assets continue to strengthen.

Besides the US-Iran situation, another major focus this week is the Federal Reserve’s interest rate decision and the chairman’s speech. The market’s core concern is the future direction of the Fed’s monetary policy, and whether it will release new signals regarding interest rate cuts, economic growth, and inflation. Since this will directly affect the US stock market and global risk sentiment, it will also be one of the important factors influencing the crypto market. Personally, I expect that this time the current interest rate level will remain unchanged.

Overall, the market trend this week is still relatively optimistic. As geopolitical risks ease, and market expectations for the subsequent monetary policy gradually stabilize, the broader market still has room for further upside rebounds in the short term.

From a technical perspective, at the BTC daily timeframe, it has gradually broken above the upper boundary of the previous box-range consolidation. Overall, it is in a stage of repairing upward after forming a base through consolidation, and market sentiment has improved significantly compared with before. Therefore, my personal outlook for this week remains bullish overall.

As for trading strategy:

Spot: continue to hold patiently;

For futures: focus on low-buy opportunities after pullbacks, and do not chase after rallies.

Key resistance levels to watch today:

BTC: around 67,500 (short-term first resistance level)

ETH: around 1,780 (short-term first resistance level)

SOL: around 74.5 (short-term first resistance level)

Overall, the short-term trend can still be considered bullish. In terms of execution, continue to keep a buy-the-dip mindset and stay patient while waiting for pullback opportunities.
$BTC $ETH $SOL ‌ ‌ ‌ ‌