July 5 Weekend Review:

Time flies, and a new trading week is about to begin soon. The increase in trading varieties has greatly enhanced the one-stop trading opportunities for brothers in the circle. Focus on what you are confident in, and the probability of profit increases significantly.

At the beginning of last week, we anticipated the non-farm payroll data, and next week we will face the CPI data.
The non-farm payroll miss boosted the market. Since the non-farm data was released, Bitcoin has broken through 63K, and Ethereum has surpassed 1800. On July 2, spot ETF inflows also turned from outflows to inflows, indicating short-term capital following the repair, but medium-term pressure remains. For now, it can only be seen as a rebound.

In last week's review, we explicitly only followed long positions. The U.S.-Iran war in June temporarily resolved short-term energy issues. Next week's CPI data is likely to show a decline in inflation. This is also the reason why the market has been in a slow upward trend without adjustments after the non-farm data; the market remains optimistic about the future.

However, from a technical perspective, some key resistance levels need attention, such as BTC's 63.8K-64.4K and ETH's 1850-1890. Before next week's CPI, continue to maintain long positions at low levels, but watch out for failed breakouts at these key levels.

From a macro perspective, if next week's CPI data shows a decline in inflation, further consolidating the delay in rate hike expectations or even restoring rate cut expectations, then the subsequent market will remain optimistic. Even if there is a short-term technical pullback, it is only to better break through the trend turning point and push towards higher levels.

Before any macro negative turning point appears in the market, the future trend of oscillating upward is the main theme.
[Only personal views recorded. Does not constitute any investment advice]
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