The market continues to maintain a weak pattern, with the upward resistance tests failing to stabilize and highs moving lower. Trump’s ongoing increase in global tariffs, the escalation of the US-China conflict, and the volatility index rising again to 5 have intensified market uncertainty. From a technical perspective, there is a risk of further downward movement this week, so short-term support levels are currently critical. Without a comprehensive review, there is still a possibility that institutional miners will continue to sell off. Previously established positions have been exited and moved into other markets. The Bitcoin circle currently has no new incremental positions; most market participants are observing or even reducing their holdings, resulting in very poor liquidity. It’s unlikely to see a significant rebound in the short term.

For intraday trading, it is recommended to pay attention to support levels around 625 for Bitcoin, around 1800 for Ethereum, around 72 for Solana, and around 1.25 for Rebase. As long as these support levels are not broken, short-term positions can be considered for entry. This is for reference only.