A new week, a new beginning. Good morning, everyone!

From the current trend, the daily-level market is still in a consolidation phase, with overall fluctuations being relatively small and rebound strength always limited, while market sentiment remains cautious. Personally, I believe this week will likely continue with a weak and oscillating trend. What truly needs attention is when the market can stop declining and gradually form a阶段性 bottom. Only after a bottom is successfully established will the subsequent rebound space become more sustainable.

On the news front, the market's main focus this week is still the situation between the U.S. and Iran. According to the schedule, the U.S. and Iran will hold technical-level negotiations in Qatar this week. However, as everyone has seen, shortly after the agreement was signed and implemented, new frictions emerged between the two sides. Trump once again made tough remarks toward Iran, heating up market risk aversion. This also indicates that the U.S.-Iran relationship still holds significant uncertainty, and any new information could once again impact the trend of global risk assets.

In addition, there are several key time points to watch this week.
On Wednesday, the heads of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Canada will jointly speak at the Sintra Forum. There is currently significant divergence in the market regarding future monetary policy. Whether officials send hawkish or dovish signals could trigger major volatility in the U.S. dollar and the crypto market.

On Thursday, the U.S. will release June non-farm payroll data and the unemployment rate. This is one of the most important macroeconomic data points of the week and will further influence the market's judgment on the Fed's subsequent policy path.

Additionally, the Bank for International Settlements (BIS) recently warned that the AI investment boom could accumulate financial risks, while Strategy's current financing model and balance sheet situation remain a key focus for the market, affecting institutional risk appetite for Bitcoin to a certain extent.

In terms of capital flow, over the past five trading days, crypto ETFs have seen a cumulative net outflow of approximately $1.9 billion, indicating that institutional funds are still mainly reducing risk exposure, with overall wait-and-see sentiment remaining strong.

Combined with the current technical picture, the overall idea for today remains a weak and oscillating trend.

For BTC, focus on support near 58,000. Once it effectively breaks down, there is a possibility of further acceleration downward.

For ETH, focus on support near 1,500.

For SOL, the overall trend is relatively stronger than the broader market. Short-term focus is near 69.

For XAUT (Gold), the current daily trend remains bearish. Short-term focus on support near 4,000.

In terms of operations, there are no clear signs of a turnaround in the current market. Try to avoid blindly chasing rallies, patiently wait for the direction to become clearer, and then flexibly adjust strategies based on market changes.
$BTC ‌$ETH ‌$XAUT ‌