1. Today's Key Points from the News (July 9)

1. Macroeconomic Headwinds Dominate
• The Federal Reserve's June meeting minutes released hawkish signals, with nearly half of the members believing an additional rate hike may be necessary, putting pressure on market risk appetite.

• The geopolitical situation in the Middle East is escalating, the US-Iran conflict has reignited, boosting risk aversion, leading funds to flow into safe-haven assets such as the US dollar and US Treasury bonds, with risk assets experiencing widespread declines.

• The US dollar index is strengthening in stages, suppressing the overall valuation of cryptocurrencies.

2. Industry Developments
• BTC spot ETF has seen a small net inflow over the past three days, but there has been a cumulative outflow of over $8 billion in the past two months, with institutional funds continuing to exit.

• ETH spot ETF has recorded inflows for four consecutive days, but trading volume remains sluggish, with weak buying power.

• The EU's MiCA cryptocurrency regulation framework has officially been established, raising compliance expectations in the industry, which is a long-term positive but has no direct short-term catalysts.

• ETH withdrawals from exchanges have reached a three-year high, indicating significant accumulation behavior among long-term investors at low levels.

3. Market Sentiment
• Overall market fear sentiment is rising, with on-chain composite indicators in the bear market range (20/100), and bulls lack confidence.
• The futures market long-short ratio is about 65:35, with a high proportion of longs posing liquidation risks.
2. Overall Market Overview
As of July 9 noon, the cryptocurrency market continues its adjustment trend, with total market capitalization slightly shrinking. Major cryptocurrencies are all weakening, with BTC falling below the $62,000 mark, ETH retreating near $1,730, and SOL decreasing over 3%. Market volume is shrinking, and funds are in a wait-and-see mood, primarily digesting in a range-bound manner in the short term.

3. BTC Market Analysis and Trading Strategy
• Daily Level: The price rebounded from the low of $57,700 on July 2 to $63,600 before hitting resistance and falling back, closing three consecutive days with negative candles, and the rebound momentum is weakening. The 5-day moving average is turning downward, and the RSI has retreated to around 46 in a neutral-to-bearish zone.

• Key Resistance: 62550 (short-term resistance) → 63800 (strong resistance) → 67400 (mid-term resistance)
• Key Support: 61500 (recent low) → 60650 (second bottom) → 57800 (strong support)

• Trend Judgment: The larger downward trend remains unchanged; current price action is in a rebound repair stage during a downtrend, and the continuation of the rebound depends on whether the support at 60,600 is effective.

Trading Strategy and Entry Points
Long Strategy (mainly buy low)
• First Entry Point: 60600-61000 area to accumulate progressively.
◦ Stop Loss: 59800 (break below the recent range's lower edge)
◦ Target: 62500 → 63800

• Second Entry Point: 58500-59000 (if a deep pullback occurs).
◦ Stop Loss: 57500
◦ Target: 62000+

Short Strategy (short if resistance is encountered)
• Entry Point: 62800-63200 if under pressure to short.
◦ Stop Loss: 64000
◦ Target: 61500 → 60700
Operating Recommendations: Do not chase shorts at the current location; wait for a pullback to support level to go long; if it quickly breaks below 60600 with volume, abandon long positions and remain on the sidelines.

4. ETH Market Analysis and Trading Strategy
• Daily Level: The price has faced resistance at the 50-day moving average (around 1800) and is currently testing the support of the 20-day moving average. After a rebound of about 10%, momentum has weakened, and the NUPL indicator shows that holders are generally still in a loss position, with selling pressure relatively limited.
• Key Resistance: 1780 → 1815 → 1850
• Key Support: 1710 → 1675 → 1640

• On-Chain Data: Whale addresses (10,000-100,000 ETH) saw a net inflow of about 100,000 ETH over the past week, with institutions clearly accumulating at low levels, providing strong bottom support.

Trading Strategy and Entry Points
Long Strategy
• First Entry Point: 1700-1720 area buy low.
◦ Stop Loss: 1670
◦ Target: 1780 → 1820

• Second Entry Point: 1660-1680 (strong support area).
◦ Stop Loss: 1640
◦ Target: 1760+

Short Strategy
• Entry Point: 1780-1800 short on pressure.
◦ Stop Loss: 1830
◦ Target: 1730 → 1700
Operating Recommendations: ETH's fundamentals are stronger than BTC; the downside is relatively limited, focus on buying on dips during pullbacks, and if it breaks below 1,670, adjust the view.

5. SOL Market Analysis and Trading Strategy
• Daily Level: After a cumulative rebound of about 13% over the past two weeks, it has entered a pullback, breaking below the $78 local support today, with signs of short-term weakening. The price remains above the 30-day and 50-day moving averages, and the mid-term rebound structure has not been completely broken.
• Key Resistance: 80.4 → 83 → 88
• Key Support: 76.3 → 72.5 (30-day moving average) → 70

• Fundamentals: On-chain activity remains high, ETF funds continue to flow in, but it has strong Beta characteristics and is significantly dragged down by the overall market.
Trading Strategy and Entry Points

Long Strategy
• First Entry Point: 73-74.5 area to buy long.
◦ Stop Loss: 71
◦ Target: 79 → 82

• Second Entry Point: 70-71.5 (strong support).
◦ Stop Loss: 68
◦ Target: 78+

Short Strategy
• Entry Point: 79.5-81 short on pressure.
◦ Stop Loss: 83
◦ Target: 76 → 74
Operating Recommendations: SOL has high volatility and elasticity, strictly control position size, and use stop loss properly. If it breaks below $72, the short-term rebound trend will end, and avoidance is recommended.
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