7.10 Friday midday market outlook analysis

Last night, the overall market remained in a range-bound, oscillating trend. On the daily chart level, there hasn’t been much change for now, and price is still trading within the range.
In terms of funds, although yesterday crypto ETFs saw approximately a $130 million net outflow, which affected market sentiment in the short term, if you look over a longer time frame, the past five trading days still accumulated to a net inflow of $460 million. This suggests institutional capital has not exited the market; instead, it continues to position on dips, though the pace isn’t as strong as before. Therefore, going forward, we should continue to monitor ETF fund flows. As long as institutional capital does not keep flowing out, the market still has opportunities to repeatedly move upward.
On the news side, at present there hasn’t been any new development in the U.S.-Iran situation, and the market has entered a news vacuum. As a result, the market is likely to continue mostly range-bound. In addition, Trump-related news is still worth focusing on; each time he speaks, it could bring some impact to risk assets. In the short term, don’t easily chase upside or panic sell; it’s more stable to be patient and trade ranges.
For today, I personally still maintain the same view as yesterday: the overall market is expected to remain range-bound, and the rebound strength will likely be relatively limited.
BTC trading suggestion: short around 64,300. For the brothers who want insurance, you can widen the stop-loss line; stop-loss around 65,500. Take-profit 63,300-62,600.
ETH trading suggestion: short around 1,800; stop-loss 1,850; take-profit 1,750-1,720.