7.4 Global Market Highlights! These Key Signals Should Not Be Missed
1. Bitcoin Strongly Breaks 110,000: BTC price has surged past the 110,000 mark, with weak downward pressure. It is currently consolidating at a high level, and the subsequent volatile market may be on the way, investors need to be alert to the risk of a flash crash.
2. Ethereum Breaks and Retests: After breaking through, ETH is now in a retest phase. The previously emphasized resistance effect around 2640 is becoming evident. Next, pay attention to the support-resistance conversion situation at the 2500 level.
3. New Developments in U.S. Legislation: The U.S. House of Representatives plans to review the CLARITY, anti-CBDC, and GENIUS bills during the week of July 14. The direction of these bills will have a significant impact on the financial market.
4. U.S. Dollar Status Statement: Bessenet denies that a decline in the dollar would threaten its status as a major world currency, sparking widespread discussion in the market about the future trajectory of the dollar.
5. Trump Bill Signing Imminent: Trump will sign the "Beautiful Great Bill" at 5 AM on Saturday. The prior tax cut and spending bill has already passed in the House, and its implementation may trigger market volatility.
6. U.S. Treasury Secretary Makes Major Statement: The U.S. Treasury Secretary revealed that around 100 countries are expected to receive at least a 10% equal tariff. Several trade agreements will also be announced, and it is implied that if the Federal Reserve does not lower interest rates in this meeting, the rate cut in September may be larger, making the direction of economic and monetary policy a market focus.
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