Hi friends, the week is about to end, and today is already Friday. Are you all doing well? Has your assets shrunk again? My spot assets have shrunk once more...

Currently, the market is fluctuating around 63,000 in the short term, but based on the trend, the market remains in a weak rebound state. There are no signs of a trend reversal or a signal to stop falling, so we still need to wait for the market to show further changes. The market has also entered a short-term quiet period. Whether it will recover and slowly form a bottom remains to be seen, depending on new news, institutional capital flows, and other related dynamics.

However, in my personal opinion, the overall market will continue to decline. In the short term, it will mainly fluctuate sideways. Falling below 60,000 is only a matter of time because, on the weekly chart, the market trend is still in a downward price channel, and a head and shoulders top pattern has also formed on the weekly level. To establish a true support level, we need to keep an eye on the area around 55,000 below the market.

As for whether the monthly chart will form a super reverse V-shape, there are too many uncertainties. We should watch the subsequent trend as it develops. In short, until the market can give a clear and effective signal, it is recommended to be cautious with long positions. Short-term, a short-term volatility contract strategy is suitable. As for spot trading, as I mentioned before, it’s best to build positions gradually and buy the dip in stages.

Today, for BTC, focus on whether the support around 61,000 will hold or break. ETH already broke below this year's new low of around 1,736 yesterday, and its trend is more fragile than the market. In the short term, 1,700 is still likely to be lost. It’s recommended to watch the support around 1,650. SOL also broke below this year's new low, so in the short term, focus on around 64.

Today’s contract strategies:
BTC: Short at 63,500 or sell on rallies, take profit at 60,500

ETH: Short at 1,750 or sell on rallies, take profit at 1,680

SOL: Short at 68.5 or sell on rallies, take profit at 65

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 holding.