July 2 Operation Thoughts: Yesterday, ETH first fell then rose, and dipped again in early morning. On the fundamentals, a meeting of central banks from four countries was held in the evening, and the new Federal Reserve Chairman Walsh stated: "U.S. inflation risks have declined, and the dot plot will still be retained at least for the short term," implying that the Fed is unlikely to raise interest rates in the near future. On the other hand, negotiators from the U.S. and Iran spent two days in Doha discussing maritime traffic in the Strait of Hormuz and the unfreezing of Iranian funds; no statement has been issued on whether the issues were resolved, and the next meeting will take place after July 9. On the technical side, in the 4-hour timeframe, the current weak sideways trend at the low level remains unchanged. In the short term, the market is attempting to break away from the downtrend and enter an independent oscillating adjustment range. Today's bull-bear demarcation point is at 1658, short-term resistance is at 1628, and the main oscillation range is 1658-1573. In terms of operations, conservative traders should still wait for the major direction to be chosen. If the 4-hour chart breaks above 1658, the price will undergo a new round of large-scale rebound, with targets at 1770, 1848, and 1885. For the bearish major direction, a breakdown below 1550 is needed. In the short-term market, there is currently no good entry point; we will remind you when opportunities arise later! For specific operations, we will explain in the evening livestream!