Good morning, everyone. Let’s first take a look at today’s market news that’s worth paying attention to.

Last night’s market developments still centered on the situation in the Middle East, the U.S. Federal Reserve’s policy, and crypto market fund flows. Overall, market sentiment remains relatively cautious, and Bitcoin is still in a sideways consolidation phase.

First, the Middle East situation: The U.S. military has once again carried out airstrikes on Iranian military targets, and Trump also said that if Iran attacks commercial ships in the Strait of Hormuz, the U.S. will directly target important infrastructure within Iran, and he even did not rule out actions against underground nuclear facilities. Iran, in response, said that if the conflict escalates, it will affect Gulf oil transportation and strike related energy facilities.

At present, both sides are still mainly relying on mutual deterrence, but the Middle East remains the biggest risk point for global markets. Once transportation through the Strait of Hormuz is disrupted, rising oil prices may push up global inflation, putting pressure on both the stock market and the crypto market.

On the macro front: The latest CME data shows that expectations for the Fed to raise rates by 25 basis points in July have increased again, and higher interest rates may be maintained for a longer period. However, Grayscale believes that as long as the Fed ends its rate hikes and the U.S. economy remains stable, Bitcoin is still worth being optimistic about in the long term.

In terms of policy, there are positive updates. The U.S. Senate has released a revised version of the CLARITY Act, further clarifying the regulatory framework for crypto assets and protecting individuals’ rights in self-custody wallets—an encouraging signal for the industry’s long-term development.

Regarding funds: In recent days, Bitcoin spot ETFs have resumed net inflows. Over the past five trading days, cumulative inflows have approached $800 million. The funds are mainly flowing into Bitcoin and Ethereum ETF products, indicating that institutions are still continuing to build positions in core assets rather than withdrawing from the market.

Back to the price action: At the moment, the overall market and major coins like ETH are still trading sideways, with no clear breakout signals.

For trading, the recommendation is:
Focus on short-term or intraday swing trading today.
Control position size and set take-profit and stop-loss properly.
Pay close attention to the Middle East situation, changes in Fed policy, and whether ETF fund inflows continue.

One-sentence summary:
Good news and bad news coexist; institutional funds are still flowing in steadily, but the market hasn’t really turned yet. Patience is more important than frequent trading at this stage.
$BTC ‌$ETH ‌$SOL ‌