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

Based on the current trend, the daily-level market is still in a phase of consolidation and oscillation, with limited overall fluctuation and weak rebound momentum. Market sentiment remains cautious. Personally, I believe this week will likely continue with a weak and oscillating trend. The key point to watch is when the market can complete its stabilization and gradually form a phased bottom. Only when the bottom is successfully established will the subsequent rebound have more sustainability.

In terms of news, the market is most focused on the US-Iran situation this week. According to the arrangement, 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 frictions emerged between the two sides. Trump once again made tough remarks towards Iran, causing risk aversion in the market to heat up. This also indicates that the US-Iran relationship still has significant uncertainty, and any new information could once again affect the movements of global risk assets.

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

On Wednesday, the heads of the Federal Reserve, European Central Bank, Bank of England, and Bank of Canada will speak together at the Sintra Forum. The market currently has significant divergence on the future monetary policy direction. Whether officials send hawkish or dovish signals could lead to large fluctuations in the US dollar and the crypto market.

On Thursday, the US will release the June non-farm payroll data and unemployment rate. This is one of the most important macro data points of the week and will further influence the market's assessment of the Fed's subsequent policy path.

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

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

Combined with the current technical outlook, today's overall thinking remains that the market will oscillate on the weak side.

BTC: focus on support near 58000; if it effectively breaks below, it is not ruled out that it will accelerate downward;

ETH: focus on support near 1500;

SOL: the overall trend is relatively stronger than the broader market; short-term focus near 69;

XAUT (gold): the daily trend is still bearish; short-term focus on support near 4000.

In terms of operations, there is no clear sign of strength in the current market. Try not to blindly chase rallies. Wait patiently for the direction to become clearer, and then flexibly adjust strategies based on market changes.

$BTC ‌$ETH ‌$XAUT ‌