The recent decline in precious metals is more a result of the retreat of war expectations leading to technical profit-taking and short-term trading pressures, which further dragged down the stock market and crypto market. However, from a medium to long-term perspective, this is beneficial for the prosperity of other assets, with two mid-term logics:
1. Optimistic about the resource attributes of bulk commodities, the potential increase in resource stocks may far exceed that of gold and silver.
2. Reaffirming that WEB3's acceleration in breaking through barriers is an indisputable fact, optimistic about ETH as the foundation for WEB3's prosperity expectations.
Key operation points are as follows:
1. Consider taking profits on palladium short positions, expecting precious metals to decline further, especially junk metals. Look for opportunities to go long on copper.
2. Yesterday the support at the lowest point of the track hit ETH's spot position; I feel it was still impulsive, resulting in a floating loss, but it doesn't matter now.
3. BTC and ETH platforms have already broken; next, be mentally prepared for BTC at 70000 and ETH at 2400, which will also be the next point for increasing positions.
4. The key for ETH is whether 2750 will be broken by the close; the key for BTC is that it has already broken.
