First, let’s synchronize the market observation and chat about the current global capital market linkage logic. At the end of the article, I'll completely explain the Aster platform operations and points play.
Recently, many friends have been asking in the comments if Bitcoin can hold above 65000. First, let’s discuss the current market situation: Previously, we anticipated that the range of 60000-62000 was suitable for gradually laying out long positions. There is a chance for the price to test 65000 in the short term, but it's very difficult to effectively break through the 70000 level in the short term. From a broader cycle perspective, we are still in the bear market rebound repair stage, with the overall oscillation range locked between 58000-68000.

Looking back at this wave of movements, Bitcoin started to rebound from 57800 and reached a high of 66900. After failing to hold, it subsequently broke through the 65000 and 64000 levels. Now, the market sentiment is polarized: some people are in a panic, worried it will drop back to the 50000s; while others are convinced a bull market has begun and are eager to jump in on every dip.
Actually, there’s a straightforward reference for judging market warmth: in the last two days, the small exchanges BitMEX and BitMart have continuously shut down, and small platforms have been crashing one after another, which shows how brutal the current stock game environment is.
When analyzing the market, besides the ETF capital flow, I pay more attention to on-chain IO data and the indicators of large trades; two graphs can clearly reveal the real buying and selling strength.

This round of Bitcoin has formed a three-top testing structure: the peak on June 16 was 67500 and on July 14 was 66900. Considering the gradually shrinking volume, the third top test is highly likely to fall within the range of 65500-66000.
If this wave of rising still cannot effectively break through the upper edge of the range, the risk of opening up downward space will significantly increase.

The most annoying aspect of a bear market is not the rapid decline but the long-term sideways movement and repeated washing. The tug-of-war between 57800 and 66900 will cause great agony for both long and short positions.

For long-term traders, here is a layered layout thought: support levels should be viewed in order as 58000, 55000, 52000, and 50000. Reserve funds in gradients for phased increases in positions while also preparing for extreme market conditions in the 45000-47000 range. Currently, the tolerance rate for short-term speculation is very low; blindly entering the market can easily lead to losses.

Short-term players can focus on the range of 60000-65000 for back-and-forth swings. If it effectively breaks below 60000, it presents an opportunity to gradually pick up positions.

The logic behind the sharp decline in the Korean stock market is the storage cycle, along with predictions of capital flow in the US stock market.

Recently, there has been severe fluctuation in the external markets. SK Hynix and Micron have significantly dragged down the Korean index, with SK Hynix's intra-day maximum decline of nearly 14%, triggering a circuit breaker on the KOSPI index. The core reason for the decline is the tightening of regulation on single-stock leveraged ETFs in South Korea. During the previous rising phase, retail investors crazily leveraged to chase the highs; when the market turned bearish, it triggered a series of forced liquidations, clearing a large number of weak hands all at once, and there is still a round of concentrated selling pressure away from the real market bottom.

Many people simply think that SK Hynix’s price-to-earnings ratio dropping to 4.5 is cheap enough, but the storage industry has a strong cyclical nature, and valuations are often lowest at the high-profit stage. The core determinant of stock price is the subsequent profit adjustment space for HBM and DRAM.

Comparing Binance’s US stock derivatives and Aster’s US stock token products: Binance’s related products have multiple layers of packaging, while Aster directly connects to native US stock equity. The trading reward rules also differ; from a capital flow perspective, US stock funds continue to withdraw, but some of the funds will flow back into the crypto market. Bitcoin has a key market window in November of the fourth quarter, and the major market movements haven't truly started yet.

Currently, focus on tracking altcoins such as LAB, BANK, AKE, and ESPORT, which are performing relatively strongly; recent market heat has concentrated on ChangXin-related IPO targets, but overall valuations are artificially high, and actual performance does not meet expectations. In the medium to long term, one can pay attention to the Robinhood ecological track, as the Meme sector is likely to produce new popular currencies. For the RWA track, I refer to the linkage of A-shares and US stock market trends. At this stage, the speculative atmosphere is greater than the actual landing value.

Aster Platform Operations & Points Accumulation Guide

First, let’s outline the basic information for new friends regarding Aster: This is a multi-chain decentralized perpetual contract DEX supporting multiple public chains, including BNB Chain, Ethereum, and others, with low fees combined with trading volume rewards. New token transactions enjoy a 1.2x points bonus, and points can be exchanged for platform $ASTER airdrops, essentially turning trading volume into profit.

Complete steps for registering on the platform and trading
1. Open the official website: https://www.asterdex.com/zh-CN/referral/9C50e2,

No need for traditional account registration; directly connect MetaMask, WalletConnect, and other multi-chain wallets;

2. Add BNB Chain and other supported public chains to the wallet, and click on "Connect Wallet" to complete authorization;

3. Transfer USDT from a centralized exchange into the platform account. The homepage dashboard allows you to view spot and perpetual contract assets. New users should prioritize low leverage for small amount tests to become familiar with the interface;

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4. You can access the "Promotions" section on the page to receive fee rebates and trading airdrop tasks. Complete your first transaction to automatically receive rewards.

The platform season points calculation formula is: season points = actual trading volume × 1.2 (exclusive bonus for new coins). Currently, six new tokens AEON, LPT, CXMT, NES, ERA, and ACE have launched, and transactions enjoy points bonuses. Points correspond to $ASTER airdrops, allowing for stable profit through trading volume.

Many friends have recently faced losses, and the US stocks, altcoins, and Bitcoin have all fallen into traps, mostly due to high leverage and not taking stop-loss actions. Many on-chain traders around me have seen significant drawdowns due to lack of risk control. Even when short-term speculating, one must plan entry prices and stop-loss ranges in advance to avoid over-leveraging.

Follow-up market tracking directions

Short-term fluctuations will continue to amplify. The current market is highly similar to the previous SOL speculation cycle. The next round of popular public chain memes to focus on include LIT and HYPE; for the long term, prioritize the previously mentioned strong altcoin candidates, as the speculative atmosphere in the RWA track is too heavy for short-term participation.

Finally, a reminder: whether it's US stock storage stocks or crypto assets, do not judge the turning point of the cycle solely based on short-term rises and falls. The combination of large trades, on-chain funds, and macro liquidity is essential to avoid being trapped in tempting long or short positions. Future live streams will break down precise entry points and stop-loss levels for various assets. Please feel free to share any position-related questions.

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