Good morning, everyone! Tomorrow is National Day, so I’d like to wish you all a Happy National Day in advance—hope you have a great holiday!
I’ll also be taking a few days off around the holiday, and after it ends, I’ll continue updating you on market conditions.
So far, the overall market still hasn’t truly broken out of its direction. At the daily level, it continues to maintain a range-bound, sideways pattern. The signals on the current chart are still not clear enough, and the market is clearly in a wait-and-see mode. I think the real catalyst that can break the range will depend on this Friday’s Non-Farm Payrolls data, as well as whether there are any new developments regarding the U.S.-Iran situation.
For crypto ETFs, fund performance has also been fairly flat. I haven’t seen any particularly obvious signs of a strong acceleration in inflows, which suggests that institutional capital is also staying cautious. Although the U.S.-Iran side is still in contact and talks, there hasn’t been any substantive breakthrough yet. So in the short term, the market will most likely continue to wait for news.
As for altcoins, they’ve been moving up and down over the past couple of days without forming a unified direction. So at this stage, I don’t think you need to chase the market. You can continue to pick some altcoins with stronger momentum and better volatility and trade intraday short-term contracts.
My view for today’s market: mainly sideways movement.
BTC focus: 82500—84500 range
ETH focus: 2630—2730 range
SOL focus: 116—122 range
Compared with the broader market, SOL’s intraday volatility seems relatively larger. If you’re looking to trade short-term swings, it may be worth paying more attention.
#BTC #ETH #solana
I’ll also be taking a few days off around the holiday, and after it ends, I’ll continue updating you on market conditions.
So far, the overall market still hasn’t truly broken out of its direction. At the daily level, it continues to maintain a range-bound, sideways pattern. The signals on the current chart are still not clear enough, and the market is clearly in a wait-and-see mode. I think the real catalyst that can break the range will depend on this Friday’s Non-Farm Payrolls data, as well as whether there are any new developments regarding the U.S.-Iran situation.
For crypto ETFs, fund performance has also been fairly flat. I haven’t seen any particularly obvious signs of a strong acceleration in inflows, which suggests that institutional capital is also staying cautious. Although the U.S.-Iran side is still in contact and talks, there hasn’t been any substantive breakthrough yet. So in the short term, the market will most likely continue to wait for news.
As for altcoins, they’ve been moving up and down over the past couple of days without forming a unified direction. So at this stage, I don’t think you need to chase the market. You can continue to pick some altcoins with stronger momentum and better volatility and trade intraday short-term contracts.
My view for today’s market: mainly sideways movement.
BTC focus: 82500—84500 range
ETH focus: 2630—2730 range
SOL focus: 116—122 range
Compared with the broader market, SOL’s intraday volatility seems relatively larger. If you’re looking to trade short-term swings, it may be worth paying more attention.
#BTC #ETH #solana