According to Odaily Planet Daily, Serenity, a well-known stock market guru, wrote on the X platform that technical analysis (TA) is more like "astrology" for traders. Its essence is a combination of confirmation bias and market psychology, used to judge market sentiment rather than the core factors determining prices. The significant rises of many individual stocks are not due to chart patterns, but rather driven by fundamentals and expectations. For example, SIVE rose by approximately 1900%, driven by the market repricing future revenue expectations related to JBL and GFS; AXTI rose by approximately 8000%, related to industry logic such as indium phosphide substrates, photonics demand, and export controls. Technical analysis can only reflect the psychological expectations of market participants and may be used to find entry points, but the real factors determining stock price movements should include industry theme linkages, changes in profit expectations, the macroeconomic environment, financial performance, and the structure of the circulating shares. The long-term potential of a stock should be determined by fundamentals and capital structure, rather than "chart faith."

Odaily Planet Daily reports: US President Trump: This morning's attack on Beirut should not have happened, especially on this special day when we are close to reaching a peace agreement with Iran. (Jinshi)

In the past hour, total liquidations across the network reached $22.59 million, with $20.04 million from long positions, with $2.55 million from short positions. BTC liquidation $6.30 million, ETH liquidation $5.82 million.

According to Huoxun Finance, during the World Cup, the 24-hour revenue of prediction market platform Polymarket surpassed Hyperliquid for the first time, becoming the third largest crypto-related project after USDT issuer Tether and USDC issuer Circle.

According to Huoxun Finance, on-chain monitoring shows that the SIREN controlling party continues to sell off SIREN on-chain, and the current price of SIREN has fallen to $0.06, a cumulative drop of 95% from its high of $1.3 a week ago. In the past day and a half, the controlling party has sold a total of 360 million SIREN, which has been exchanged for approximately 48.7 million USDT. Currently, its on-chain address still holds approximately 319 million SIREN, accounting for 44% of the total supply.