Today's operation suggestion: Cautiously bearish

• Positive factors: Institutional adoption trend is still ongoing (Morgan Stanley ETF application, GameStop holdings), stablecoin growth is rapid, and regulatory framework is becoming clearer (CLARITY Act)

• Negative factors: $BTC ETF continuous outflow, short-term technical indicators are weak (traders see a 53% probability of breaking below 66K), ongoing regulatory pressure (Bitmain investigation, prediction market lawsuits)

BTCUSDT

Perp

68,631.5

+1.94%

• Overall judgment: The market is under short-term pressure, but long-term structural benefits (institutional adoption, clear regulation, stablecoin explosion) remain unchanged. It is suitable to wait and observe for better entry points.