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

Judging from the current trend, the daily level of the broader market is still in a phase of consolidation, with limited overall volatility and persistently weak rebound momentum. Market sentiment remains cautious. Personally, I believe this week will likely see continued weak consolidation. The real focus should be on when the market can stop declining and gradually form a short-term bottom. Only after a successful bottoming process will the subsequent rebound have more sustainability.

On the news front, the market's main focus this week remains the US-Iran situation. According to the schedule, the US and Iran will hold technical-level negotiations in Qatar this week. However, as everyone has seen, shortly after the agreement was signed and implemented, new friction emerged between the two sides. Trump once again took a tough stance toward Iran, causing risk aversion to heat up in the market. This also shows that US-Iran relations remain highly uncertain, and any new developments could once again affect the performance of global risk assets.

In addition, there are several key time points to watch this week.

On Wednesday, the heads of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Canada will speak together at the Sintra Forum. There is still significant divergence in the market regarding future monetary policy. Whether officials send hawkish or dovish signals could lead to major fluctuations in the U.S. dollar and the crypto market.

On Thursday, the U.S. will release the June non-farm payroll data and the unemployment rate. These are among the most important macro data points this week and will further influence the market's assessment of the Fed's future policy path.

In addition, the Bank for International Settlements (BIS) recently warned that the AI investment frenzy could accumulate financial risks, while Strategy's current financing model and balance sheet conditions remain a focus of market attention, affecting institutional risk appetite for Bitcoin to some extent.

In terms of capital flows, over the past five trading days, crypto ETFs have seen net outflows of approximately $1.9 billion, indicating that institutional funds are still primarily reducing risk exposure, with overall wait-and-see sentiment remaining strong.

Combining the current technical picture, the overall approach today remains tilted toward weak consolidation.

BTC should focus on support near 58,000. If it effectively breaks below that level, it may accelerate downward;

ETH is watching support near 1,500;

SOL's overall performance is relatively stronger than the broader market, with short-term focus around 69;

XAUT (Gold) is still showing a bearish daily trend in the short term, with support near 4,000 to watch.

In terms of operations, the current market shows no clear signal of a turnaround, so avoid blindly chasing rallies. Be patient and wait for further direction, then adjust strategies flexibly based on market changes.

$BTC ‌$ETH ‌$XAUT ‌