The market awaits CPI data and "Crypto Week", Bitcoin is battling between $135,000 and $115,000, Solana targets $185.

1. Market Observation

Recently, Trump announced a 30% tariff on products imported from Mexico and the EU, causing market turbulence. U.S. and European stock futures fell in response, while safe-haven sentiment drove up the prices of gold, the dollar, and Bitcoin. Analysts believe this policy will affect the credibility of U.S. policy and add uncertainty to the Federal Reserve's interest rate decisions. The market's expectation for a rate cut in September has decreased from certainty to about 70%.

This week's market focus will be on the June CPI data, China's Q2 GDP, and the US earnings season. At the same time, the US Congress will welcome "Cryptocurrency Week", reviewing several important bills that could reshape the digital asset market landscape.

In Hong Kong, the strategy for stablecoins and asset tokenization is steadily advancing. Analysts point out that the first batch of stablecoin licenses in Hong Kong focuses on cross-border payments, which will help developing countries cope with financial risks. Hong Kong's "LEAP" framework aims to accelerate the construction of the digital asset ecosystem, but still faces challenges such as regulatory coordination and technical standards. In the long term, ETF and commodity tokenization are expected to attract capital inflows.

Bitcoin broke through $121,500 to reach a historic high. Analysts believe that $119,000 to $120,000 is a key resistance zone, and if it breaks through, it may reach $135,000 to $140,000; if it encounters resistance, it could retest the support at $114,000 to $115,000. Solana has increased by 12.87% in the past 30 days, breaking through $160 twice. Analysts expect SOL to potentially challenge $300 before August, with a short-term key target price at $185.

Altcoins and Meme coins exhibit high speculation. In the NFT space, Pudgy Penguins has triggered a "profile picture craze," with its floor price soaring 49.4% in the past week and rising 21.8% in 24 hours, far exceeding other blue-chip projects.

2. Key Data (As of July 14, 12:00 HKT)

• Bitcoin: $121,974 (Year-to-date +30.75%), Daily trading volume $42.164 billion
• Ethereum: $3,048.51 (Year-to-date -8.76%), Daily trading volume $25.486 billion
• Fear and Greed Index: 75 (Greed)
• Average GAS: BTC 0.52 sat/vB, ETH 2.22 Gwei
• Market share: BTC 63.6%, ETH 9.7%
• 24-hour BTC long-short ratio: 1.192
• Sector fluctuations: NFT sector increased by 8.98%; GameFi sector increased by 6.12%
• 24-hour liquidation data: 119,500 people were liquidated, total amount of 684 million dollars.
• BTC medium to long-term trend channel: upper edge 114340.09 USD, lower edge 112075.93 USD
• ETH medium to long-term trend channel: upper edge $2788.33, lower edge $2733.12

3. ETF Flows (as of July 11)

• Bitcoin ETF: +1.03 billion USD, continuous 7-day net inflow
• Ethereum ETF: +205 million USD, sustained net inflow for 6 days

4. Today's Outlook

• The U.S. House Financial Services Committee reviewed multiple encryption bills this week.
• Sunrise opens $RISE airdrop claiming, which must be completed before July 15.
• US June CPI data released (July 15th 20:30)
• Starknet (STRK) will unlock approximately 127 million tokens on July 15.

Top 500 market cap gains today: Ski Mask Dog (SKI) 57.79%, Usual (USUAL) 46.86%, Pudgy Penguins (PENGU) 31.60%, Algorand (ALGO) 29.80%, XYO (XYO) 29.15%.

5. Hot News

• Tokens such as TRUMP, ARB, SEI will face large unlocks.
• Lianlian Digital plans to raise approximately HKD 394 million for the application of blockchain technology in the payment field.
• SharpLink Gaming has acquired another 16,374 ETH, bringing its total holdings to 270,000 coins.
• The Czech central bank has included a certain trading platform in its investment portfolio.
• Davis Commodities is evaluating the establishment of a Solana strategic reserve.
• The NFT trading volume in the past 7 days increased by 20.67% to reach 122.6 million USD.
• PUMP on-chain public offering data analysis: USDC accounts for 97%, while USDT only accounts for about 3%.
• The publicly listed company Upexi announced a private placement of $200 million for the purchase of Solana.
• MicroCloud Hologram has purchased 200 million USD worth of Bitcoin and related derivatives.
• SOON has released a recovery plan, proposing to destroy 3% of the total supply of tokens.