📝 Review:Last Friday, influenced by dovish remarks from Federal Reserve Governor Waller and cooling consumer inflation expectations, the dollar index retreated, ultimately closing down 0.155% at 98.46. U.S. Treasury yields fell across the board, with the benchmark 10-year Treasury yield closing at 4.423% and the 2-year Treasury yield at 3.88%.

USD/JPY 148.274  Buy  Target Price  149.191

📝 Review:Spot gold rose due to the weakening of the U.S. dollar and Treasury yields, hitting a high of $3,361.2 per ounce, and finally closed up 0.34% at $3,350.4 per ounce; spot silver rose for three consecutive days, finally closing up 0.14% at $38.2 per ounce.

Gold 3350.03  Buy  Target Price  3376.07

📝 Review:As the market digested the EU's new round of sanctions on Russian energy, international oil prices experienced a V-shaped reversal. WTI crude oil briefly surpassed the $67 mark during the session, rising about 2% intraday before giving up all gains and closing down 0.47% at $66 per barrel. Brent crude oil closed down 0.45% at $68.59 per barrel.

WTI Crude Oil 65.961  Sell  Target Price  64.439

📝 Review:The three major U.S. stock indices were mixed, with the Dow down 0.32%, the S&P 500 slightly down, and the Nasdaq up 0.05%. Crypto-related stocks were mixed, with Robinhood (HOOD.O) up 4.07%, Coinbase (COIN.O) up 2.2%, Circle (CRCL.N) down 4.71%, and Hut 8 (HUT.O) down 2.26%. 3M (MMM.N) fell 3.63%, and Netflix (NFLX.O) dropped 5.10%.

Nasdaq 100 23097.950  Buy  Target Price  23148.895

📝 Review:Bitcoin continued its technical rebound last night. As of 16:00 on July 21, the price recovered to around $118,800, up approximately 2.7% from the low of $115,600 on the 16th, with a 24-hour increase of 1.8%. Technically, Bitcoin has stabilized above the key support level of $118,000, with the middle Bollinger Band moving up to $116,500. The RSI rebounded from the oversold zone to 52, and the MACD histogram contracted, indicating short-term recovery demand. However, the strong resistance at $123,300 remains unbroken. On-chain data shows that the net outflow from exchanges has exceeded 12,000 BTC for eight consecutive days, with no change in the supply tightening characteristics. On the news front, the U.S. House of Representatives passed the GENIUS Act and sent it to Trump for signing, clarifying that stablecoins must be 100% backed by U.S. dollars or Treasury bonds, providing policy certainty to the market. However, the CLARITY Act was blocked due to intra-party disagreements, cooling expectations for the regulatory framework's implementation. Bitcoin spot ETFs continued to see inflows, with a single-day inflow of $118 million on July 20, significantly contributed by BlackRock's IBIT. However, Grayscale's GBTC and others experienced net outflows, reflecting divided market sentiment. Overall, Bitcoin is oscillating between policy tailwinds and technical adjustment needs, with attention required on the breakthrough of the $123,300 resistance and the effectiveness of the $116,900 support.

BitCoin 116782.3  Sell  Target Price  115248.5