Cloud Enjoy Midday Market Analysis: #CloudEnjoyResearchInstitute

Over the weekend, a wave of decline occurred. Short positions on Bitcoin at 70,500/71,500 yielded significant profits. Bitcoin responded to the further escalation of the Middle East conflict by dropping sharply, breaking through the $70,000 level, and is currently hovering around $69,000.

If the Middle East conflict continues, it will be difficult for Bitcoin to sustain a continuous upward breakout. Currently, the market is showing a sideways oscillation trend.

Support at the 4-hour level is around $66,000. Based on this trend, it is expected to oscillate for several more months. If Bitcoin falls below $60,000, there is still room for a $10,000 to $20,000 decline. There are many opportunities to buy the dip this year, but not at the moment. Bitcoin is only suitable for dollar-cost averaging. Other assets should be ignored. For existing holdings, the main strategy is to reduce positions on rallies and exit. Regarding precious metals, gold has recently fallen sharply, but the upward trend remains unchanged. The outlook remains bullish. This year, consider allocating some funds to stocks and high-quality derivatives. For specific strategies, follow the community’s spot trading group. For futures and contracts, adhere mainly to community strategies, with intraday trading as the primary focus.