The big coin has shown an upward trend, but it has not stabilized above 124, increasing the probability of a decline. There is also a strong resistance at 125. Personally, I think it will come down, breaking 1205, or it may not drop to 1205 and will form a converging triangle to choose a direction.

Ethereum is still very weak. Yesterday's ETF data showed a sell-off of 79,800,000. The trajectory of Ethereum shows that it is relatively weak, with 4604 being a strong resistance. From the data, the market still favors the big coin, while the enthusiasm for Ethereum is clearly decreasing, mainly due to BlackRock's contribution. Franklin, as a speculator, is also offloading Ethereum. The defensive level for Ethereum is at 4404.

Sol has been in a state of fluctuation, possibly heading down. It has been unable to break through 237. If it cannot stand above, the range between 220-237 will become its fluctuation zone. Recently, due to the influence of the BSC chain's meme coins, BNB has surged, affecting Sol's traffic. If Sol launches a hundredfold meme coin, the traffic from BSC will be attracted to Sol. Currently, it seems that there are no notable meme coins on Ethereum. The last bull market was driven by meme coins bringing ETH up; this wave is brought up by financial reserves, and the ETF's energy is average.

In fact, in terms of liquidation data, the capital volume of contracts has far exceeded that of the last bull market. The power of retail investors is actually much greater than that of institutions, but it cannot form a collective force.

Watching gold continuously rise, I always feel there is some kind of conspiracy. It is either an economic crisis or the status of the dollar will be challenged. The most buyers are Iran, Russia, Venezuela, and China, accounting for 65%. Can it be said that whoever holds the power of gold in the future will hold the financial discourse power?!

The physical gold purchased early last year has already doubled. I plan to cash out the principal, and I will keep the remaining physical gold bars. Do not buy gold ETFs; buy physical gold directly. Major banks have specialized divisions selling precious metals. If you want to cash out, just take the physical gold to the bank where you bought it. Buying and selling gold requires an ID card; there is no limit for individuals buying gold bars. As long as it is legal income, you can buy as many gold bars as you want.

The best strategy now is to wait and observe. Shorting here looks like there is a lot of space; if a positive news can explode, it may lead to gains. Going long here has very limited upward potential and is not cost-effective. This is often referred to as the trading gap period; not every moment is suitable for trading.