U.S. stocks closed higher on Tuesday, with the Dow Jones initially rising by 0.4%, the S&P 500 slightly up, and the Nasdaq down 0.39%. Nvidia (NVDA.O) fell 2.5%, General Motors (GM.N) fell 8%, and Lockheed Martin (LMT.N) fell over 10%. According to the CME "Fed Watch": the probability of the Fed maintaining interest rates in July is 95.3%, and the probability of a 25 basis point rate cut is 4.7%. The probability of the Fed maintaining interest rates in September is 40.3%, with a cumulative probability of a 25 basis point cut at 57%, and a cumulative probability of a 50 basis point cut at 2.7%. The current market shows an extremely frequent phenomenon of sector rotation. Different crypto asset sectors are like actors on stage, each showcasing their unique charm as you finish your performance and I take the stage. The crypto market resembles an unpredictable maze, presenting heart-pounding dramas every day. Yesterday, the market pulled back without warning, causing many hopeful investors to fall from the clouds to the depths. Those who rushed to get on board recently, the "latecomers", were ruthlessly left behind on the mountaintop, helplessly bearing immense psychological pressure. Those who had to cut loss Bitcoin a few days ago must be regretting it now, only able to pound their chests and stamp their feet.

Yesterday, SOL coin performed brilliantly, successfully breaking through the important threshold of 200 US dollars. This breakthrough performance was like a stone thrown into a calm lake, stirring up layers of waves. With the soaring price of SOL, other tokens in the Solana ecosystem were also strongly driven and strengthened. This phenomenon of mutual prosperity fully demonstrates the close correlation and mutual influence among various components in the blockchain ecosystem. Another direction worth noting is the coin types in the public chain zone. As the core infrastructure of blockchain technology, the importance of public chains is self-evident. Among many public chain coins, the rise of the domestic public chain CFX is particularly eye-catching. Its sudden strength is not accidental, as it contains many deep-seated reasons. This may be a recognition from the market of its technical strength, application prospects, and team efforts. The success of CFX also sets an example for the entire domestic public chain field, stimulating more innovation and development.

After the Bitcoin price hit a high and faced resistance, it experienced a pullback. The subsequent second round of rising also broke through the 120,000 mark, reaching a peak of 120,200 before stopping under pressure. The volatility during the early morning was not significant, mainly fluctuating around the 120,000 mark. This indicates the strength of the bulls. From the overall trend in recent times, Bitcoin has shown a clear step-like upward rhythm. This rhythm suggests that the rise is not a sudden, crazy surge, but rather a process accompanied by reasonable pullback adjustments. More importantly, each pullback has been very limited in magnitude and has been able to quickly recover lost ground. This pattern of "pullbacks not breaking key support and continuously refreshing highs" is a typical characteristic of a strong bullish trend. The limited pullback that does not break key support indicates strong buying support below, making it difficult for the bears to form effective pressure; while the continuous refreshing of highs demonstrates the bulls' sustained offensive capability, constantly expanding upward space. All signs suggest that the current upward trend of Bitcoin remains unchanged. Based on this market situation, we can adopt a long strategy around pullbacks on Wednesday morning. In a strong bullish pattern, pullbacks often present good entry opportunities.

Ethereum continues to maintain a tug-of-war between bulls and bears, with both sides providing effective continuation. Since the pullback to the 3612 level yesterday afternoon, Ethereum's rebound momentum has begun to weaken, failing to show the strong upward push seen during certain periods before. Overnight, it tested a high of 3750 before pulling back again, with a minimum drop to 3655 at dawn before starting to rebound. This kind of trend is somewhat elusive; the current volatility is more likely a consolidation process. Once Bitcoin further opens up upward space, Ethereum is expected to follow through with a breakout, forming a correlated upward pattern. On Wednesday morning, we can approach Ethereum with a mindset of going long on pullbacks. During the consolidation phase, pullbacks often present good entry opportunities. #山寨季来了？# #稳定币监管风暴# #Gate 6月透明度报告#