📢 Gate Square Daily | July 2
Quick breakdown 👇
• Meta is stepping into AI cloud
→ Direct challenge to AWS, Microsoft, Google
• Market check
$BTC : $60,009 (+3.2%)
$ETH : $1,609 (+3.4%)
• Macro watch
U.S. Non-Farm Payrolls today
Markets closed tomorrow (Independence Day)
• Funding
Venice AI secures $65M (Dragonfly-led)
• Insight
Tom Lee: Ethereum is fixing key infra + policy gaps
Takeaway:
AI + crypto growth is accelerating
Macro = short-term volatility trigger
Position wisely.

$BTC bouncing off the SMA50 on the monthly.

Rode a roller coaster, and even got trapped briefly during the rebound in the middle.
Never thought it would come to this···
Leverage on top of leverage, severe premium, eventually when the price-volume relationship can't support the profit-taking orders, this is what happens—nothing surprising.
The essence of trading is price and volume behavior.
The higher the price, the lower the confidence in buying, the fewer the buyers. During a rebound, it's always the same group of people rushing in. After repeating this several times, the buying power is exhausted, and profit-taking orders sta

SanDisk took profit! It will still fall! Short on the rally and add positions.

📰 TODAY IN HISTORY
📆 July 2
📜 Events:
🌎 1494 — Spain ratifies the ✍️ Treaty of Tordesillas, an agreement that divided the newly discovered lands between the Spanish and Portuguese empires.
🚂 1698 — English inventor Thomas Savery patents the first steam engine, one of the milestones that would drive the future Industrial Revolution.
🇺🇸 1776 — The Continental Congress approves the resolution that breaks the ties of the Thirteen Colonies with Great Britain, paving the way for the United States Declaration of Independence.
🇧🇷 1823 — Independence of Bahia: Brazilian troops definitively def

July 2 Evening Analysis
Evening pumps are opportunities for you to go short. $BTC
Indicator values: DIF=190.6, DEA=-118.9, MACD red bar value 619.1
DIF crossed above DEA from a low level to form a standard golden cross. Both lines are turning upward simultaneously, confirming a bottom reversal signal.
The MACD red bars continue to expand, indicating that bullish rebound momentum is being released continuously.
The DIF and DEA lines are still below the zero axis, indicating that the bearish pattern on the larger timeframe has not been completely reversed. This round of market is merely a corre

#FET Update:
Currently one of the strongest-looking charts in the market. A major resistance zone on $FET is breaking, increasing the probability of further upside.
A retest is possible before continuation, but the overall structure remains bullish. Send $FET higher. 🚀

ETH has a flat bottom. After the rebound, it is highly likely to hit a new low. Resistance is at around the daily MA60.

Asia has been keeping $BTC alive while the West was selling everything.

Just a few days ago, it seemed like it was barely holding on, and today it directly threw out the answer! 📉😎 Opening the charts this morning and looking at $LUNC , this drop came through cleanly—that hesitation at the high level before bed a few days ago really wasn't for nothing.
At that time, I wasn't looking at whether it could still crawl up, but whether there would be buyers if it did. When LUNC hadn't fully started its move, each rebound was weaker than the last, volume wasn't keeping up, and the resistance above was obvious, so as planned, I opened a short near 0.00008276. 👀🎯
Now it

To be honest, this chart is really testing people's patience. 😎📉 The moment I opened the chart this morning, $BCH it directly revealed the hesitation of the past few days. It looked like it was about to break upward earlier, but every pullback was weak, and buying support was never solid.
While the market was grinding the top, I was watching BCH and saw the same old issues: a pump without volume, overhead resistance, and lagging buying pressure. At that point, I didn't chase longs but instead went short, letting the market show its direction on its own 👀
From 414.5 to 217.5, +3372.31%, tha

A few days ago, it pretended to be strong, but today it was directly knocked back to its original form! 📉😎 During the grinding high in the session, $ETH it looked like it was about to break out, but upon closer inspection, it was all fake: volume-less rally, insufficient support, and it collapses upon contact at the top.
The last glance before sleep, I was still watching ETH, the price stuck at a high level oscillating back and forth 👀 but each upward push was lacking a breath. I don't like chasing longs in this kind of market, I prefer to wait for it to show fatigue and then go short.
Loo

🚨 BlackRock has deposited another 4,917 BTC worth $301M to Coinbase.
Over the past 4 days, the asset manager has transferred a total of 20,359 BTC (around $1.22B) to Coinbase.
👀 Are these routine transfers or a sign of bigger moves ahead?

$GS
Weekly hammer into earnings on July 14th while $DOW prints a new ATH.

JUST IN: Anthropic in talks with Samsung for custom AI chip.

This candle came out, and the chart just stopped pretending! 📉🔥 When I opened the chart this morning, I actually laughed. $DOGE A few days ago, before bed, it was still holding up at a high level. Many people saw it hadn't dropped and wanted to jump in, but what I noticed was that the resistance above hadn't loosened, and volume wasn't keeping up.
Before the chart had fully launched, DOGE's every upward attempt fell short—when it went up, no one was buying, and the rebounds looked weaker and weaker. 👀 So at that time, I opened a short position near 0.11088 as planned. It wasn't a gamble;

#CirclePlunges17%
Circle Plunges 17%: What Triggered the Sharp Sell-Off and What It Means for the Stablecoin Industry
Circle experienced a sharp 17% decline, drawing immediate attention across financial markets and prompting investors to reassess the outlook for one of the most closely watched companies in the digital asset sector. While such a significant pullback may appear alarming, market corrections of this nature are not uncommon following periods of rapid appreciation, particularly for companies operating in fast-growing industries.
The decline appears to be driven by a combination of

$PI Can't rise anymore, they blocked you from even saying "rise."