Today is already Thursday, good morning everyone
From the overall market trend, yesterday's movement was within the 73,000-76,000 range, with the daily chart mainly continuing a volatile pattern, and most other altcoins showing similar trends. Crypto ETF institutions had a net outflow of about $56 million yesterday, with low trading volume indicating cautious sentiment. This suggests that institutions are mainly waiting and watching in the short term. Currently, the liquidation map shows BTC, ETH, and SOL are all dominated by bulls with moderate density, so further attention to US-Iran developments is needed.
According to the latest news, the Lebanon ceasefire negotiations are linked to the US-Iran ceasefire. If a consensus is reached, it will be favorable for the second round of US-Iran negotiations; otherwise, it will add complexity and pressure. The timing for the second round of negotiations is still being finalized, and the market is waiting to see when the US and Iran will start. Personally, I think for the US and Iran to initiate the second round, Lebanon negotiations need to reach an agreement first. The higher possibility now is to extend the US-Iran ceasefire, with the specific situation depending on upcoming news.
In the short term, the main trend of the market will continue to be volatile, with fluctuations increasing only when US-Iran negotiations move. For trading, a conservative short-term approach is recommended. The weekly chart shows a W-shaped pattern, with key focus on whether the market can hold around 76,000. Once stabilized and broken through, the target could be 78,000-80,000. Whether it can break through depends heavily on US-Iran news.
Today, the short-term fluctuation range of the market remains at 73,000-76,000, ETH's short-term range is 2,300-2,420, and SOL's is 82-86.
Short-term contract strategies:
BTC: 74,000 or buy on dips, take profit at 75,500
ETH: 2,300 or buy on dips, take profit at 2,380
SOL: 83 or buy on dips, take profit at 86
Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your risk tolerance.
2. Do not be greedy; take profits when possible. Better to realize small losses than hold against the trend. If the direction is correct, continue holding.
$BTC $ETH $SOL
