PalBTC Market Daily -5.24 1、 Daily chart 1) Everything that has happened so far this week is still influenced by the news. The biggest fluctuations of the week were the decline brought by the hawkish stance of the Bush administration and the rebound brought about by the US Iran peace talks. 2) After looting 75 ssl yesterday, it was elevated by the US Iraq peace talks in Trump at night. From the K-line perspective, the key here is currently the bearish trend of D at 775-783. If we refuse to distribute here, then continue to be bearish. If we break through here, let's first see the reaction at the 795-80 position. If we stabilize at 80, we may need to continue moving upwards. We need to cooperate with the news when the time comes. 3) The key now and next week is still the US Iran peace talks. Last night, Trump claimed that the US Iran agreement had been "basically negotiated". Iran stated that both sides are in the final stage of finalizing the memorandum of understanding (Article 14), but "at this stage, there are no details related to nuclear issues". The core deadlock still exists, with the US demanding the surrender of enriched uranium, Iran refusing, and the core disagreement remaining unresolved. So let's continue waiting for the outcome of the negotiations. I still believe that the peace talks will definitely pass, or in other words, the Strait of Hormuz will be opened before they do not pass. The rest is to see what the negotiation succeeds on. The success of the peace talks is definitely a good thing, but if the strait is opened for a long time and the talks are delayed for a month before they succeed, there will be little progress. 4) Returning to the market trend, in the short term, it is still bearish to not break through 783 D. However, your order needs to set a stop loss. 2、 Hour chart 1) Overall, it is still expected, with a short position of 78 this week and a short position of 755 yesterday. 747 called for closing the position, but placed an order for 775 but did not receive it. 2) Because the overall market is still in a downward trend, currently speaking, 775-783 is still short selling here. Just set a stop loss, and when short, first look at 767 and 750, and then see if it can hit a new low. 3) At present, there are no opportunities to go long. To go long, we need to wait until it falls 75 times before making a decision.