Good morning everyone, it's Friday again.



The overall market remained in a choppy consolidation overnight, with the daily chart showing no major changes for now, still moving within the range. From the chart perspective, the overall performance is decent, and the bulls still have room to test higher levels. However, the 65,000 area remains a key level. Whether it can be truly breached and held needs further observation, as the market still lacks a catalyst to drive sentiment.

In terms of capital flows, although crypto ETFs saw a net outflow of approximately $130 million yesterday, which had some short-term impact on market sentiment, zooming out over the past five trading days, the cumulative net inflow still stands at $460 million. This suggests that institutional capital has not exited the market overall; instead, they are still buying on dips, just at a slower pace than before. So going forward, we should continue to monitor ETF flows. As long as institutional capital is not persistently flowing out, the market still has opportunities to stage repeated upward moves.

On the news front, there have been no new developments in the US-Iran situation for now, and the market has entered a news vacuum. Therefore, the market is likely to remain range-bound. Additionally, Trump-related news remains worth close attention, every statement could have an impact on risk assets. In the short term, it's not advisable to chase rallies or sell into panic; instead, trading patiently with swings is a steadier approach.

For today, I still maintain my view from yesterday: the broader market is expected to continue consolidating, with relatively limited rebound strength.

BTC - focus on resistance near 65,000;

ETH - focus on resistance near 1,800;

SOL - focus on resistance near 80.5.

Friday is close to the weekend, and wait-and-see sentiment is usually stronger than usual. Without fresh positive catalysts, the market is expected to remain range-bound today. Stay patient in operations and wait for better opportunities.
$BTC $ETH $SOL
BTC1.59%
ETH1.17%
SOL0.93%
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