Good morning everyone

Due to the renewed conflict between Israel and Lebanon, this has increased resistance to the US-Iran peace negotiations and the risk of negotiations breaking down. Currently, US-Iran relations are once again tense and unstable, and the market is directly declining all the way down. As of now, the market trend still remains weak with no signs of rebound, and it is still oscillating downward. The market is lacking confidence, and panic emotions are increasing,

Therefore, in the short term, individuals should continue to mainly look at the downside. It is very difficult for the market to hold above 70k, and it could easily break below. As for Ethereum, Solana, and most mainstream coins, the situation is similar, with a very pessimistic trend.

Institutional fund movements have been in a risk-averse, reducing positions, and net outflows since around mid-last month. Yesterday’s net outflow was about $51 million, and over the past five trading days, the net outflow was approximately $1.62 billion, leading to even greater gloom and panic in the crypto space. However, I personally believe that in such an environment, it is actually suitable to hold cash and gradually buy the dip in spot trading.

From the recent market trend, it’s clear that the overall direction is downward. Without positive news, the overall outlook remains bearish. When the decline will stop and break through the downward trend depends on future news developments.

Therefore, today’s short-term focus for BTC is around the support at 69,000, ETH around the support at 1,920, and SOL around the support at 78.

Today’s contract strategies:
BTC: Short at 71,500 or sell on rallies, take profit at 69,000

ETH: Short at 2,000 or sell on rallies, take profit at 1,930

SOL: Short at 81.5 or sell on rallies, take profit at 78.5

Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your ability to bear losses.
2. Don’t be greedy; lock in profits and avoid holding onto losing positions. It’s better to take small losses than to fight against the trend. $BTC If the direction is correct, continue to hold.