Cloud Enjoyment Midday Market Analysis: #Cloud Enjoyment Research Institute

A decline hit over the weekend evening, Bitcoin 70500/71500 short positions yielded considerable profits. Big Pie dropped in response to further escalation of the Middle East conflict, directly breaking through the 70000 USD mark, currently hovering around 69000.

If the Middle East conflict continues, it will be difficult for Bitcoin to sustain breakthrough rallies. At this stage, we expect a shock pattern.

4-hour level support is around 66000. Based on this trend, it is expected to fluctuate for several more months. If Big Pie breaks below 60000, there is still 10000-20000 USD of downside space. There are many bottom-fishing opportunities this year, but not at the current moment. Bitcoin is only suitable for dollar-cost averaging; ignore other varieties. For current positions, reduce holdings on rallies as the main strategy. Regarding precious metals, gold has recently experienced a sharp decline, but the uptrend has not changed. Future outlook remains bullish. This year can be used to position in some stock market and quality derivatives. Specifically, follow the spot group within the community. For contract trading, still follow community strategies as the main approach, with intraday trading as the focus.