📝 Review:On Thursday, the U.S. dollar index initially rose and then fell, approaching the 98 mark before the U.S. market opened, but later gave back most of its gains, ultimately closing up 0.1% at 97.55. The benchmark 10-year U.S. Treasury yield closed at 4.351%, while the 2-year U.S. Treasury yield closed at 3.885%.

USD/JPY 146.309  Buy  Target Price  147.171

📝 Review:Spot gold fluctuated near the $3,320 mark and finally closed up 0.32% at $3,324.43 per ounce; spot silver continued to rise during the day and finally closed up 1.7% at $36.98 per ounce.

Gold 3325.41  Buy  Target Price  3346.83

📝 Review:Oil prices plunged by 2% during the session as investors weighed the potential impact of U.S. President Trump's tariff measures on global economic growth. WTI crude oil continued to decline during the day, hitting a daily low of $65.53 at one point, and finally closed down 2.1% at $65.78 per barrel; Brent crude oil closed down 1.90% at $68.15 per barrel.

WTI Crude Oil 65.829  Sell  Target Price  63.871

📝 Review:The three major U.S. stock indexes closed slightly higher, with the Dow up 0.43%, the Nasdaq up 0.09%, and the S&P 500 up 0.27%, with the latter two hitting record highs during the session. Tesla (TSLA.O) rose 4.7%, Nvidia (NVDA.O) gained nearly 1%, closing with a market cap of $4 trillion. The Nasdaq Golden Dragon China Index closed up 0.9%, with ZTO Express (ZTO.N) rising 9%.

Nasdaq 100 22849.950  Buy  Target Price  23012.010

📝 Review:From a technical structure perspective, the consolidation after breaking through key levels is more likely a normal process for the bulls to digest resistance. The limited short-term pullback without breaching core support levels indicates that underlying buying interest remains. If the divergence in smaller timeframes is accompanied by shrinking volume, it may signal exhaustion of bearish momentum rather than a precursor to strength—after such energy rebalancing, if the bulls can regroup, they may confirm the breakout. The lower shadow pattern on the daily chart, combined with the recent overall uptrend framework, leans more toward a sign of the bulls stabilizing at key levels rather than a reversal signal. Meanwhile, the isolated decline of some small-cap assets may be related to fund rotation toward mainstream targets and may not directly correlate with a trend shift in major cryptocurrencies. If subsequent capital inflows continue to push prices firmly above critical thresholds, the market may break the current consolidation pattern and resume its upward trajectory. Caution is warranted against excessive bearishness that overlooks the resilience of the bulls.

BitCoin 115937.9  Buy  Target Price  117286.4