6.29-7.3 Weekly Summary

This week’s market saw a “roller-coaster” ride—first absorbing pressure and dipping lower, then rebounding after hitting the bottom.
From June 29 to July 1, the market continued to carry the earlier bearish atmosphere. Prices repeatedly faced pressure and moved downward, grinding for a bottom around key support levels as panic sentiment kept spreading. Overall, the market remained weak, oscillating and falling, with multiple attempts to test the lower support area.
On the evening of July 2, U.S. non-farm payroll data came in far below expectations. Rate-cut expectations warmed up, the U.S. dollar and U.S. Treasury yields weakened, and the broader market entered a strong recovery. Bitcoin surged quickly from its lows, bringing a sharp rebound in the short term.
On July 3, due to the holiday, overseas market liquidity tightened and bullish momentum slowed. Price action shifted to sideways consolidation at higher levels, digesting profits from the short-term rally.
This week was also packed with real confidence. No matter what, there were worthwhile gains to be had—those brothers and sisters in the industry also felt the joy of contracts. $BTC $ETH $SOL