Good morning, everyone.

First, let’s look at last night’s headlines. The situation in the Middle East has still not eased. The U.S. military has launched military actions against Iran-related targets for the 11th consecutive night. Trump also again sent a tough signal, saying the U.S. will soon take more aggressive action against Iran’s underground nuclear facilities near Natanz, and stressing that “things with Iran are far from over.” Overall, geopolitical risk remains the biggest uncertainty in the current market. Going forward, the focus is still on whether the U.S.-Iran situation will further escalate.

However, judging by market performance, there’s no sign that capital is showing obvious panic. Although oil has remained strong due to risk-averse sentiment, crypto assets such as Bitcoin have overall held up relatively steadily, suggesting that there is still supporting inflow into the market, and that near-term sentiment has not gotten out of control due to geopolitical conflicts.

Another piece of news worth watching is that U.S. crypto regulation has new progress again. With respect to the ethical provisions in the CLARITY Act, the White House and relevant parties have already made new breakthroughs, which is one of the main obstacles that has been affecting the bill’s advancement. If it can be pushed forward smoothly afterward, it would still be a medium- to long-term positive for the entire crypto industry, helping further boost institutional funds and traditional capital’s confidence in entering the market.

Benefiting from improved regulatory expectations and a rebound in market risk appetite, the crypto sector performed well overall last night. Bitcoin continued to hold steady at high levels, and crypto concept stocks generally strengthened as well. Compared with the past few days, market sentiment has clearly improved.

Coming back to the chart, in fact, the recent few days’走势 basically match yesterday’s judgment. If we temporarily set aside the impact of the news flow and look purely at technical trends, the broader market still maintains a volatile-but-strong rhythm. The entire upward process has been relatively smooth—there hasn’t been any obvious breakout with volume surges, nor any rapid pullback. This kind of走势 is actually relatively healthy.

From early June to now, the broader market has been in a fairly clear cyclical consolidation range, and currently the price has come back to around 67,500. This can be described as the most critical resistance level in the recent period, and also the key level the market will focus on next.

If it can effectively break through and hold above 67,500, then there will be an opportunity to open up new upside space and further challenge the area around 80,000. But if this level can’t be broken through for a long time, then most likely it will return to the previous consolidation range and continue with sideways action. So over the next one or two days, this level is worth focusing on.

In terms of trading, there isn’t much change in approach—just wait patiently for direction to be chosen.

Today, for the short term, key levels to watch are:

BTC: around 67,500 (first resistance)

ETH: around 2,000

SOL: around 80

Overall, the market’s pace hasn’t changed much right now. The news flow should continue to focus on developments in the U.S.-Iran situation, and also watch whether there are any new updates after the U.S. crypto regulatory bill. As long as there isn’t any new major negative catalyst, the broader market should still be approached with the idea that it remains volatile but strong.
$BTC ‌$ETH ‌$SOL ‌