📝 Review:On Wednesday, due to strong U.S. economic data and Powell's insistence on a wait-and-see stance, the U.S. dollar index rose for the fifth consecutive trading day, approaching the 100 mark, and finally closed up 1.04% at 99.92, hitting a new high in more than two months. U.S. Treasury yields rose across the board, with the benchmark 10-year Treasury yield closing at 4.379% and the 2-year Treasury yield closing at 3.951%.

USD/JPY 148.888  Sell  Target Price  148.366

📝 Review:Spot gold returned to a downward trend, once falling below the $3,270 mark, rebounding slightly in late trading, and finally closing down 1.55% at $3,274.85 per ounce, marking the largest single-day drop in over a month; spot silver followed gold lower, ultimately closing down 2.8% at $37.11 per ounce.

Gold 3295.37  Buy  Target Price  3318.39

📝 Review:As investors focused on Trump's more urgent ultimatum to Russia and his tariff threats against oil-trading nations, international crude oil rose for three consecutive days. WTI crude oil hit the $70 mark during the session, ultimately closing up 1.32% at $69.79 per barrel; Brent crude oil closed up 1.18% at $72.6 per barrel.

WTI Crude Oil 69.364  Buy  Target Price  72.051

📝 Review:The three major U.S. stock indices were mixed, with the Dow down 0.36%, the S&P 500 down 0.12%, and the Nasdaq up 0.15%. Nvidia (NVDA.O) rose 2%, Circle (CRCL.N) rose 5%, and Novo Nordisk (NVO.N) fell another 7%. The Nasdaq Golden Dragon China Index fell 1.82%, NIO (NIO.N) fell 4%, and Alibaba (BABA.N) fell 1.7%.

Nasdaq 100 23640.450  Buy  Target Price  23843.300

📝 Review:Overall, Bitcoin bulls have a slight upper hand, currently still hovering below 118500. The key short-term observation is whether the 144 moving average on the 4-hour cycle can continue to hold; Ethereum, on the other hand, is watching the 233 moving average on the 30-minute chart. Personal view: BTC is still oscillating within the central range. Although the bulls are slightly stronger in the short term, the situation here is a tug-of-war between bulls and bears. Once there is an effective breakout or breakdown, volatility will rapidly amplify. Subjectively, the risk-reward ratio for chasing long positions is no longer favorable; objectively, bottom-fishing also requires caution. It's better to wait and see, and act in line with the trend once the market direction becomes clear.

BitCoin 118200.6  Buy  Target Price  119169.9