Today is Saturday, July 4th. The U.S. stock market is closed for a consecutive holiday due to Independence Day, and a highly deceptive reversal has occurred in the market:



Latest market comeback:
Bitcoin (BTC) not only did not crash at 61,000, but instead used last night's weak non-farm payroll data and the rekindling of expectations for a Fed rate cut as an excuse to directly pull a violent short candle, forcibly reclaiming the $62,500 level (currently oscillating between $62,500 and $62,700). The fear index also slightly recovered from the freezing point of 18 to 22.

But don't get too excited! The big hole dug by the three chip giants—SanDisk, SK Hynix, and Micron—by dumping before the holiday has not been filled. Today is the weekend with low volume, and this rally is 100% a "stage play" by the big players taking advantage of the U.S. stock market closure!
Monday's U.S. stock market prediction: Chip bearish factors are not fully exhausted; watch out for cross-sector catch-up declines!
Listen up! SanDisk, Micron, and SK Hynix were heavily profit-taken by institutions before the holiday, and the blood drain in the AI track is far from over. When the U.S. stock market opens on Monday evening, tech stocks will likely continue to decline and test support levels below. Once the semiconductor giants continue to bleed on Monday, Bitcoin, as the shadow market for tech stocks, will instantly become an ATM for institutions, wiping out the long positions that chased the rally over the weekend!
BTC1.11%
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