Track real-time trends in the cryptocurrency world and seize the best trading opportunities. Today is Tuesday, July 1, 2025, I am Wang Yibo! Good morning to all crypto friends ☀️ Daily attendance from loyal fans 👍 Like to make a fortune 🍗🍗🌹🌹

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U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average initially up 0.6%, the S&P 500 Index up 0.5%, and the Nasdaq up 0.47%, both of the latter reaching all-time closing highs. Tesla (TSLA.O) fell 1.8%, while Apple (AAPL.O) rose 2%. Microsoft (MSFT.O), Meta (META.O), and Netflix (NFLX.O) all reached historical highs during the day, closing up within 1%. The Nasdaq China Golden Dragon Index fell 0.49%, and Beike (BEKE.N) dropped over 4%. According to CME's "FedWatch": the probability of the Federal Reserve keeping interest rates unchanged in July is 79.8%, and the probability of a 25 basis point cut is 20.2%. The probability of the Fed keeping rates unchanged in September is 5.3%, while the cumulative probability of a 25 basis point cut is 75.9%, and the cumulative probability of a 50 basis point cut is 18.8%. Canada has canceled its digital services tax and is preparing to resume trade negotiations with the U.S., boosting market sentiment. The U.S. Senate is about to vote on Trump's tax reform bill, while the cryptocurrency market continues to fluctuate, with gains and losses being chaotic!

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Bitcoin faced strong resistance when it attempted to break through the 109,000 level yesterday, forming a clear long upper shadow, highlighting significant selling pressure at this price range. The price significantly retreated during the day, nearly engulfing all the gains from the previous trading day. The price maintained high volatility in the early hours, retreating from 107,811 to 106,682, and then consolidating around the 107,000 level. Although there was a technical rebound overnight, the downward trend line remains firmly in place. From a four-hour perspective, the coin price quickly found support after touching the middle band of the Bollinger Bands, reflecting strong buying power at lower levels. Currently, both bulls and bears are engaged in a fierce battle in the middle band area, and the oscillating pattern has yet to be broken. Notably, following a large bearish candlestick, three consecutive doji candlesticks with long upper and lower shadows have appeared, indicating that the market is at a critical turning point. Despite the short-term dominance of bears, the frequent appearance of doji candlesticks may signal a trend reversal; the current market is likely to maintain a wide-ranging oscillation. The forces of bulls and bears are in a stalemate, with price fluctuations repeating and lacking trend continuation. In the short term, the 106,500 level becomes a key support point. If this support level can be effectively held, the market is expected to continue its oscillating trend; however, if the support level is broken and stabilized, the downside space will open up, and the market will enter a unilateral downward trend, allowing for short positions to be followed.

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Ethereum has been relatively active. After pulling back to the low of 2431 last night, it showed an overall upward trend in the early morning, briefly attacking a high of 2521 during the day, but was constrained by selling pressure above, ultimately retreating to around 2481 and stabilizing. From the current daily chart technical formation, the Bollinger Bands indicator shows a clear contraction, with the distance between the upper and lower bands gradually narrowing. The K-line body is generally small, indicating a balance of power between bulls and bears, and the market is entering a consolidation phase. The middle band of the Bollinger Bands is flattening, the MACD indicator is converging near the zero axis, and trading volume continues to shrink. These signals all suggest that the market is about to face a directional choice. Against the backdrop of narrowing price fluctuation ranges, particularly when the price effectively breaks through the upper or lower Bollinger Bands, it often signifies the beginning of a new trend, with a continued downward outlook in the morning.