📝 Review:On Monday, as stronger stock markets reduced the demand for dollar liquidity and U.S. Treasury yields fell, the dollar index declined, breaking below the 98 mark, ultimately closing down 0.65% at 97.808. U.S. Treasury yields fell across the board, with the benchmark 10-year yield closing at 4.384% and the 2-year yield at 3.876%.

USD/JPY 147.460  Sell  Target Price  146.549

📝 Review:As the U.S. dollar and Treasury yields weakened significantly, spot gold rose to a five-week high, briefly surpassing the $3,400 mark, and finally closed up 1.39% at $3,397.09 per ounce; spot silver touched the $39 mark late in the session, hitting a one-week high, and finally closed up 1.94% at $38.93 per ounce.

Gold 3395.74  Buy  Target Price  3433.61

📝 Review:Stagnant U.S. trade negotiations have left lingering concerns about crude oil demand in the market, while the EU's latest sanctions have yet to weaken Russia's energy exports, putting pressure on international oil prices. WTI crude fell below the $66 mark, closing down 0.48% at $65.68 per barrel; Brent crude closed down 0.31% at $68.38 per barrel.

WTI Crude Oil 65.670  Sell  Target Price  64.049

📝 Review:The three major U.S. stock indices were mixed, with the Dow slightly down, the Nasdaq up 0.38%, and the S&P 500 up 0.14%. Nvidia (NVDA.O) and Tesla (TSLA.O) both fell less than 1%. Circle (CRCL.N) fell over 3%, while Robinhood (HOOD.O) dropped nearly 5%. The Nasdaq Golden Dragon China Index closed down 0.28%, with Zeekr (ZK.N) falling 3.5% and Huya (HUYA.N) rising 16%.

Nasdaq 100 23181.250  Buy  Target Price  23456.104

📝 Review:Bitcoin continued its narrow-range fluctuation last night, with the price stabilizing around $118,800 as of today, showing a slight 0.3% decline over 24 hours and an amplitude of less than 1%. Technical indicators reveal a symmetrical triangle consolidation pattern on the 4-hour chart, with Bollinger Bands narrowing to their lowest level in 30 days. The volume ratio stands at just 0.57, and the turnover rate is 0.6%, indicating a significant contraction in market liquidity. On the daily chart, the RSI has rebounded to 55, and the MACD histogram is shrinking. The price has stabilized above the mid-channel support at $116,500, but the strong resistance at $123,300 remains unbroken, presenting a short-term "compressed spring" scenario. On-chain data shows that net outflows from exchanges have exceeded 12,000 BTC for eight consecutive days, maintaining supply tightness. However, Grayscale's GBTC experienced net outflows, reflecting divided market sentiment. On the news front, the U.S. House of Representatives passed the GENIUS Act, signed by Trump, which mandates stablecoins to be 100% backed by U.S. dollars or Treasury bonds, providing policy certainty. However, the CLARITY Act faces uncertainty due to Democratic opposition, cooling expectations for regulatory framework implementation. Inflows into Bitcoin spot ETFs slowed, with $118 million recorded on July 21, significantly contributed by BlackRock's IBIT, though institutional capital is increasingly fragmented. Trump Media & Technology announced holdings of $2 billion in Bitcoin but disclosed no plans for additional reserves, failing to further boost market confidence. Overall, Bitcoin oscillates between policy tailwinds and technical adjustment needs, with attention required on the $123,300 resistance breakthrough and the $116,900 support level's validity.

BitCoin 117403.5  Sell  Target Price  115392.0