Midnight Discussion:

Time always slips away unnoticed, and before we know it, it's Wednesday, the week is about to pass its halfway mark, how much have you gained?

Looking back at this week's market, since last weekend, Bitcoin maintained a sideways oscillation for two days of adjustment. Monday and Tuesday did not disappoint. During the day, Bitcoin rose from around 104,500 to around 108,900, facing resistance. By midnight, it fell back to around 106,000 for an upward adjustment, and on Tuesday, it rebounded to around 107,700, then continued to decline to around 103,300. Overall, it formed an inverted V pattern.

From the macro news perspective, we need to pay attention to the recent expansion of tensions in the Middle East affecting the global financial market. The Federal Reserve's interest rate decision has influenced the entire cryptocurrency market. Previous impacts from Trump's tariff policies and the U.S. publishing non-farm payroll and CPI data have all directly or indirectly affected the overall market volatility.

Returning to the cryptocurrency market, after Bitcoin broke through to a new high of 111,900 by the end of May, it maintained a high level of oscillation for nearly 20 days. A new round of market activity is about to arrive. From the weekly K chart, Bitcoin's volume has decreased and is showing a bearish trend, with KDJ forming a death cross and gradually moving downwards. We should pay attention to the support at 100,500 below, and strong support around 94,500 as a secondary level. The monthly K chart shows decreased volume. If it breaks down, it may head towards the 8 and 7 levels. On the daily K chart, the downward trend is taking shape, with support levels at 101,800 and 100,500 in sequence. Short-term volatility indicators have been publicly announced in advance.

Regarding the market outlook, Zhao Gongzi's personal opinion is: first, we need to pay attention to the impact of macro market news for effective adjustments, while also focusing on the key support position at 100,500 below. If it breaks, we will primarily focus on the downward trend. Above, we are still watching for pressure around 109,800-110,500-112,000, and if it breaks and stabilizes, we will welcome a new wave of bull market.

Regardless of how the market trends in the future, seize the moment, cherish the present, live each day well, accumulate slowly, and create your own space. Investment comes with risks; enter the market with caution. Whether you are a novice or an experienced trader, follow Zhao Gongzi for continuous wealth output.