Good morning everyone, let's chat about the market trends~
Currently, the daily chart for the market is showing a short-term consolidation leaning towards the downside, with an overall bearish outlook. This is mainly due to the impact of the US-Iran situation. According to the latest updates from Trump, a deal is close to being reached, which means the planned strikes on Iran have been postponed by 2 to 3 days. This will be a hot topic in the coming days, and the market is once again in a wait-and-see mode regarding further developments. However, in my opinion, everyone is familiar with Trump's style, so there’s already a psychological expectation in the market about how things will unfold.
If you haven't established a position in spot trading yet, I personally suggest being patient. Wait for this round of market correction to establish a bottom before considering gradually accumulating mainstream coins, which is a suitable strategy for mid to long-term positioning. As for contracts, the short-term is influenced by the US-Iran situation and current market trends. Therefore, I recommend taking a more conservative approach with short-term swing trades. Additionally, yesterday, ETF institutional funds saw a net outflow of approximately $216 million, with a cumulative net outflow of about $1.4 billion over the last five trading days. The ongoing outflow indicates that institutions are reducing exposure to hedge against risks, so it's crucial to be mindful of potential risks.
For today’s short-term BTC price action, the overall fluctuation range is between 75000 and 77500, while ETH is between 2050 and 2150, and SOL is between 82 and 86.
Today's contract strategy remains unchanged from yesterday:
BTC: Short at 77500 or on any highs, take profit at 75000.
ETH: Short at 2130 or on any highs, take profit at 2060.
SOL: Short at 85.5 or on any highs, take profit at 82.5.
Friendly reminder:
1. Set stop-loss levels based on your own liquidation price and how much loss you can bear.
2. Don’t be greedy; securing profits is key. It’s better to take a small loss than to hold onto a losing position. If the direction is correct, hold on.
$BTC
$ETH
$SOL
#BTC #ETH #solana
Currently, the daily chart for the market is showing a short-term consolidation leaning towards the downside, with an overall bearish outlook. This is mainly due to the impact of the US-Iran situation. According to the latest updates from Trump, a deal is close to being reached, which means the planned strikes on Iran have been postponed by 2 to 3 days. This will be a hot topic in the coming days, and the market is once again in a wait-and-see mode regarding further developments. However, in my opinion, everyone is familiar with Trump's style, so there’s already a psychological expectation in the market about how things will unfold.
If you haven't established a position in spot trading yet, I personally suggest being patient. Wait for this round of market correction to establish a bottom before considering gradually accumulating mainstream coins, which is a suitable strategy for mid to long-term positioning. As for contracts, the short-term is influenced by the US-Iran situation and current market trends. Therefore, I recommend taking a more conservative approach with short-term swing trades. Additionally, yesterday, ETF institutional funds saw a net outflow of approximately $216 million, with a cumulative net outflow of about $1.4 billion over the last five trading days. The ongoing outflow indicates that institutions are reducing exposure to hedge against risks, so it's crucial to be mindful of potential risks.
For today’s short-term BTC price action, the overall fluctuation range is between 75000 and 77500, while ETH is between 2050 and 2150, and SOL is between 82 and 86.
Today's contract strategy remains unchanged from yesterday:
BTC: Short at 77500 or on any highs, take profit at 75000.
ETH: Short at 2130 or on any highs, take profit at 2060.
SOL: Short at 85.5 or on any highs, take profit at 82.5.
Friendly reminder:
1. Set stop-loss levels based on your own liquidation price and how much loss you can bear.
2. Don’t be greedy; securing profits is key. It’s better to take a small loss than to hold onto a losing position. If the direction is correct, hold on.
$BTC
$ETH
$SOL
#BTC #ETH #solana