Last night, breaking news reported that several major oil-producing countries started cutting production significantly.

This is not good news for the Americans; of course, the oil-producing countries are worried about reduced demand due to economic contraction, but for U.S. inflation, it's not a positive development.
This morning, U.S. stock futures also pulled back, and the same was true for Bitcoin last night.
However, since the PCE has already decreased earlier, this event is mainly affecting the medium-term inflation trend, and this month's data may not show a significant rebound.
But the second half of this year won't be too peaceful.
Entering a new week, the market remains relatively calm; this week, a short-term direction is definitely going to emerge.
The daily chart itself looks fine, just a matter of how to move in the short term.
The Nasdaq doesn't seem to have finished its move, and the dollar isn't fully stable yet—there's still time, but it's about the flow of funds.
Actually, things have been quite boring for a long time recently.
The current problem is that no large funds are showing their stance, and the market has been stuck in short-term battles between bulls and bears.
This situation prevents the pace of the trend from accelerating, but a change is expected this week.
Personally, I still think there's nothing wrong with the medium-term; the short-term is really hard to predict—just hold and pay less attention, waiting quietly for changes.
Bitcoin's weekly chart is perfect, and Ethereum looks good too; there's no reason to be bearish on the market right now.
Therefore, our optimistic outlook and holding are the best answers.