Cloud Sharing Midday Market Analysis: #Cloud Sharing Research Institute

A wave of decline came over the weekend evening. Bitcoin 70500/71500 short positions generated considerable profits. The big coin dropped in response to further escalation of the Middle East conflict, directly breaking through the 70000 USD level, currently hovering around 69000.

If the Middle East conflict continues, it will be difficult for Bitcoin to sustain further breakthroughs and rallies. At this stage, we expect a range-bound trading pattern.

The 4-hour level support is around 66000. Based on this trend, we expect several more months of consolidation. If big coin breaks through 60000, there is still 10000-20000 USD of downside space. There are many bottom-fishing opportunities this year, but not at the current moment. Bitcoin is only suitable for dollar-cost averaging; ignore other varieties. For existing positions, reduce positions on rallies and exit as the main strategy. Regarding precious metals, gold has recently plummeted sharply, but the uptrend remains unchanged; it is expected to appreciate in the future. This year, we can position some stocks and quality derivatives. For specific details, follow the community spot trading group. For contract trading, follow the community strategy as the main approach, with intraday trading as the focus.