Good morning everyone~



Regarding the US-Iran understanding memorandum scheduled to be officially signed this Friday, the overall market remains cautious at this time.

As mentioned yesterday, besides the progress of US-Iran negotiations, uncertainties still exist in the Middle East situation. Among them, issues related to Israel and Lebanon remain a key focus of market attention. According to the latest news, Israel still refuses to withdraw troops from Lebanon, which also indicates that the regional situation has not fully eased. In the days before the official signing of the agreement between the US and Iran, there are still some variables, so market funds are more inclined to wait and see, and risk appetite has decreased.

Meanwhile, crypto ETF funds continued to see net outflows yesterday, with a single-day net outflow of about $100 million. This also reflects that some institutional funds remain cautious about the development of the current US-Iran situation, and have not significantly increased risk asset allocations before the agreement is officially implemented.

Recently, whether in the US stock market or the crypto market, news-driven factors still dominate more, so the next focus should be on the progress of US-Iran negotiations and changes in the Middle East situation. If the agreement can be smoothly signed this week, it will help ease geopolitical risks, positively impact global financial markets and economic expectations, and also provide a more stable external environment for the Federal Reserve’s subsequent interest rate policies.

Regarding today’s market trend, my personal view remains unchanged:
The short-term direction continues to be bullish, with the overall structure being a sideways upward trend.

BTC resistance level is around 68,000;
ETH resistance level is around 1,880;
SOL resistance level is around 78.

In terms of operation, I still recommend maintaining patience, paying attention to news developments, controlling positions, and avoiding blindly chasing gains.
$SOL $ETH $BTC
BTC0.38%
ETH3.43%
SOL3.52%
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ShanDingMediaGroup
· 57m ago
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
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ContractIsOffLimits
· 1h ago
Just charge forward 👊
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