Good morning, everyone. It’s already Friday today.

The situation in the Middle East still hasn’t shown any clear signs of easing. The U.S. military has recently continued military operations against targets related to Iran, and Trump has also said that further action is not off the table. Although the market is still watching for whether there is room for cooling off and negotiations, in the short term, geopolitical risk continues to bring significant uncertainty to the market.

Affected by this, last night U.S. stocks performed weakly overall, with all three major indexes closing lower. Tech and semiconductor sectors saw relatively larger declines. As risk-off sentiment picked up and risk appetite fell, it also put pressure on risk assets, including the crypto market.

As for the Federal Reserve, the market’s focus is still centered on the subsequent interest-rate policy. Although some officials have recently expressed concerns about inflation returning, and even raised the necessity of maintaining high rates, overall market expectations have not changed significantly. The July FOMC meeting will most likely keep interest rates unchanged, and the short-term policy direction remains relatively stable.

Turning back to the crypto market, the recent overall market trend is still ranging and consolidating. However, driven by adjustments in external markets and the impact of the geopolitical situation, overhead pressure remains fairly evident. From the weekly chart, it is still a doji pattern, with neither bulls nor bears having gained a clear advantage for now. The market is more focused on waiting for new catalysts and a direction to be chosen.

For today’s overall market performance, the market is currently around 63,500 and looks weaker, with price action mainly leaning toward sideways-to-down. For now, there are no clear signs of a bottoming out, so it’s still necessary to closely watch whether U.S. stocks can stabilize and rebound. If U.S. stocks continue to weaken and fall, it will further transmit to the crypto market. Second, whether there are any new developments in the Middle East situation. An escalation or easing of geopolitical risk directly affects short-term sentiment in both crypto and U.S. stocks markets.

Key support levels to watch today:

BTC: around $62,000

ETH: around $1,800

SOL: around $73

Overall, the market is still waiting for signals. The focus is whether support can be effectively held. For futures strategies, only intraday and short-term trades are recommended.

Wishing everyone a great Friday and may you get rich~
$BTC ‌$ETH ‌$SOL ‌