The market rebounded slightly, mainly because the Trump administration unexpectedly postponed the "TACO" tariff policy originally set to take effect on July 9, delaying it until August 1. This unexpected move relieved the market; let's analyze the potential reasons behind it:

First, let's look at the progress of trade negotiations:

1. Negotiations on the EU side are progressing smoothly, with both parties sending positive signals.

2. The trade agreements between the United States and Canada, Mexico are also relatively stable.

3. China may be the biggest variable; currently, it is neither on the 14-country tariff list nor has any relevant documents been made public, indicating that Sino-US negotiations may still be ongoing.

Secondly, pay attention to the Federal Reserve factors:

- The "Great Beautiful Act" recently signed by Trump and the upcoming tariff policies may drive up inflation.

- If both policies are launched simultaneously, it will increase the pressure on the Federal Reserve to cut interest rates.

- Delaying tariffs may be to buy time to arrange for the new Federal Reserve chairperson.

In simple terms, the Trump administration may want to leverage this time difference:

1. First, finalize the personnel arrangements at the Federal Reserve.

2. Push tariffs only after monetary policy is clarified.

3. This can control inflation expectations while maintaining market confidence.

This "step-by-step" strategy can avoid excessive shocks to the market from overlapping policies.

BTC

Yesterday reminded that if 107245 (blue line) does not break, there will be a rebound, with rebound pressure at 109300-109700! The price is currently close to this area; watch for distribution opportunities and stop-loss on breakout! The downward position target is 107500; if 107245 breaks, continue to look down to 105800-105100, while also paying attention to the accumulation opportunity on the first touch here!

ETH

Ethereum has broken out of a triangular pattern, but Bitcoin has not moved in tandem; thus, the validity of this breakout remains to be observed, and there is a probability of another round of turbulence. In the short term, if the support of 2600-2570 does not break, look at the liquidity position above 2640-2680; if it breaks below 2570, observe the performance near the lower triangle boundary around 2540! If it breaks, continue to look down to 2413-2370, while also paying attention to the accumulation opportunity on the first touch here!

SOL

Yesterday's entry was 152-154! The short-term target support is 149-147.7; if it breaks below, continue to look down to 142-137! Also, pay attention to the accumulation opportunity at this position on the first touch!

The information and data involved in the content come from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. The content does not constitute any investment advice; investing based on it is at your own risk!