In the absence of substantial capital inflows, the index is likely to continue experiencing short-term fluctuations and downward pressure. However, the overall trend structure remains intact. I still consider the range of 6700–6750 as the most critical first support level for this week. A decline to this level represents a time-based consolidation rather than a trend reversal. As planned, you may gradually accumulate positions in SPY and the Nasdaq index on pullbacks.
Additionally, I initiated $Coinbase (COIN.US)$ the first tranche of my position at 253, as this was my predefined zone for low-risk accumulation. This wave in the crypto market is a typical deleveraging process, $Bitcoin (BTC.CC)$ but the underlying structure remains unbroken, and ETF flows remain stable, offering an optimal risk-reward ratio. The overall strategy remains unchanged: avoid chasing highs, refrain from all-in bets, and wait for the market to define its direction.

$Bitcoin (BTC.CC)$ Just a scammer.

$Bitcoin (BTC.CC)$ Dropped to 87.6K, $Ethereum (ETH.CC)$ Returning to 2,858 is not due to deteriorating fundamentals but rather because the rapid surge over the past two days led to excessive leverage, full open interest positions, and trading during a liquidity vacuum ahead of the U.S. stock market open. This resulted in whales using a false dip to wash out short-term technical positions. As long as BTC holds above 85K and ETH above 2,820, the overall trend remains intact. The only ways to truly avoid being washed out are twofold: avoid aggressively chasing highs during periods of short-term frenzy and always reserve cash for re-entry opportunities.