The Federal Reserve is expected to announce the start of rate cuts at the July meeting, with the probability of a rate cut in August gradually increasing. Bitcoin has surged past its historical high, reaching $112,000, but it did not continue to rise in the short term and instead made a slow correction. The last time it touched $119,000, it plummeted to $107,000, with a correction of $5,000.

Within the day, Bitcoin's aggressive support for speculative trading is at 110,288 (to observe), with stronger support at 109,288. The starting point for this week's surge is around 107,388. In fact, last night, during a live stream and analysis by San Ma Ge, it was mentioned that the support at 108,888 caused Bitcoin to surge to $111,300 after correcting to that point.

As for ETH, the volatility is quite high, with both sharp rises and falls. I believe it's better to benchmark against Bitcoin for more stability; the support at 2,740 is too aggressive, and after two touches, it rose to around 2,800. Yesterday, we originally discussed going long on Ethereum at 2,620, and it was unfortunate that we missed it by a bit, but the direction was correct, so there's no major issue. If there is a correction today, we can take short positions and follow the strategy to take profits in batches.