📝 Review:On Wednesday, as investors largely confirmed the Fed's rate cut in September, the dollar index fell for the second consecutive trading day, breaking below the 98 mark, and finally closed down 0.28% at 97.75; the benchmark 10-year U.S. Treasury yield closed at 4.245%, and the 2-year U.S. Treasury yield closed at 3.683%.

USD/JPY 146.811  Sell  Target Price  146.160

📝 Review:Spot gold rose slightly, boosted by a weaker dollar and lower U.S. Treasury yields, once breaking through the $3,370 mark during the session but later giving up most of its gains, eventually closing up 0.23% at $3,355.83 per ounce; spot silver closed up 1.58% at $38.48 per ounce.

Gold 3370.77  Buy  Target Price  3388.66

📝 Review:Oil prices hit a more than two-month low as the IEA issued pessimistic supply guidance and U.S. President Trump continued to threaten Russian President Putin. WTI crude oil continued to decline during the day but rebounded slightly during the U.S. trading session, ultimately closing down 0.6% at $62.08 per barrel; Brent crude oil closed down 0.55% at $65.34 per barrel.

WTI Crude Oil 62.147  Sell  Target Price  61.500

📝 Review:All three major U.S. stock indices rose, with the Dow Jones up 1.04%, the S&P 500 up 0.32%, and the Nasdaq up 0.14%. Coreweave (CRWV.O) closed down 20.83%. Stablecoin giant Circle (CRCL.K) fell 6.15%. The Nasdaq Golden Dragon China Index rose 2.08%, with Bilibili (BILI.O) up 6.61% and iQiyi (IQ.O) up 5.41%.

Nasdaq 100 23853.550  Buy  Target Price  24001.280

📝 Review:From last night to today, Bitcoin continued its strong breakout, with prices oscillating upward from around $118,000. Boosted by better-than-expected earnings from U.S. tech stocks and rising expectations of a Fed rate cut, it reached a record high of $123,667 (a 24-hour gain of 2.54%). On the news front, the formal enactment of Hong Kong's "Stablecoin Ordinance" has heightened expectations for market liquidity, while Tencent's stronger-than-expected earnings report has spilled over into the crypto market, lifting sentiment around Chinese concept stocks. Technically, Bitcoin has formed a consolidation pivot between $120,000–$121,000, breaking above the upper boundary of a symmetrical triangle ($119,500 neckline) on the 4-hour chart. The Bollinger Bands have expanded to the $116,772–$119,940 range, and although the RSI is temporarily overbought (72), long-term holders owning over 70% of the supply bolster bullish confidence. Key support has shifted upward to $120,500 (EMA200 and institutional accumulation zone). A breakout above the $124,800 Fibonacci extension level with strong volume could propel the weekly inverse head-and-shoulders pattern toward $150,000. The market should remain cautious about short-term selling pressure from the recent movement of 29,206 dormant BTC on-chain. However, sustained institutional accumulation (e.g., BlackRock's $3 billion net inflow over the past two weeks) and Layer2 breakthroughs (transaction speeds reaching thousands of TPS) provide long-term momentum.

BitCoin 123959.8  Buy  Target Price  124250.0