The ceasefire between Israel and Palestine has temporarily halted the Middle East conflict, prompting the crypto world to focus on the Federal Reserve's interest rate cuts and trade negotiations. The market is closely watching the Federal Reserve's range-bound movements: Powell stated to be "cautious," but Wall Street is heavily speculating on rate cut expectations, while trade negotiations also replay the "old script," leaving investors overwhelmed. The performance of coins has been awkward; despite the weakening dollar and Friday's PCE data paving the way for three rate cuts, they still fell instead of rising, ignoring the favourable information. After Powell previously "doused cold water" on the market, it seems the crypto world is like a temperamental child, indifferent to good news and determined to "fight to the death" with the Federal Reserve. It appears that next week's market will be worth watching, and everyone is looking forward to it. Due to the American Independence Day holiday, the U.S. non-farm payroll report for June will be released early on July 3 (Thursday) at 20:30, and on that day, U.S. stock markets and CME stock index futures trading will close early. On July 4, the U.S. stock market will be closed for one day, and trading for CME's precious metals, WTI crude oil, forex, and stock index futures contracts will end early at 01:00 Beijing time on July 5. Trading for ICE's Brent crude oil futures will end early at 01:30 Beijing time on July 5. The crypto market continues to oscillate within a range over the weekend, focusing on the breakout of the suppression platform and timely adjusting holdings strategies!

Bitcoin has slightly risen above 108,000 after ending a range-bound narrow fluctuation, just a step away from the key resistance level at 109,200 USD. The technical aspect shows characteristics of a "critical point game", where the breakthrough of the key resistance level will determine the short-term direction. This position has suppressed price movements multiple times since March, forming a strong pressure area. If this level is broken, it may trigger short-seller stop-losses and technical buying follow-through, pushing the price towards the historical high target (111,900 USD); conversely, if it retreats again, one should be wary of the risk of a deep pullback to the 100,000 USD cost area for support. It is worth noting that the futures market has seen a sharp reduction in open contracts by 7%, with funding rates and basis being sluggish, reflecting the market's hesitation towards the key resistance level! #中心化交易所Top3的重塑时刻# #Kevin Lee入驻Gate广场# #香港数字资产政策2.0发布#