Family, Yang is back to analyze the market for everyone! This morning, let's focus on TRX (Tron).

First, let's look at this impressive data. TRX currently has a market value of 34.7 billion, ranking in the top ten of global cryptocurrencies, which is quite strong. The on-chain data is also excellent, with 288 million mainnet accounts and an average daily transaction volume reaching 7.4 million, showing high popularity and activity.

However, there is a not-so-favorable situation. Since the beginning of July, $185 million in stablecoins have left the Tron network, which has caused TRX's revenue to drop to a four-year low. It's obvious that there is a wave of pessimism in the market, and many people are not optimistic about TRX's short-term trend.

Analyzing from the market sentiment perspective, the correlation between TRX and Bitcoin has decreased, and the risk indicators have improved, which is a good thing. However, if TVL continues to decline, it could trigger a more widespread sell-off, which would be troublesome.

On the institutional level, TRX has a $1 billion buyback plan, and the compliance process is advancing, which is certainly favorable for long-term development. But in the short term, these factors have limited impact on the market and cannot immediately change the current situation.

Overall, this morning TRX has a short-term pullback risk, with on-chain capital outflow and weak technicals, making a pullback more likely. In terms of operation, Yang suggests shorting around 0.35000 - 0.35100, initially looking towards 0.34630, and if that breaks, then look towards around 0.34300. However, the market changes too quickly, so everyone must pay close attention to the market and adjust strategies flexibly, never be rigid! #TRX