1) Yesterday we talked about tariffs, and we really don't need to panic. For those who are unclear about what's going on, refer to yesterday's first message.
2) More and more publicly listed companies are using BTC, ETH, and SOL as strategic reserves. They actually missed out on the profits from BTC and don't have enough say in the reserve funds of BTC, so they chose ETH and SOL instead. Currently, ETH is considered a premium investment, and many companies will start choosing SOL for reserves soon. Got it?
3) Last night, the Federal Reserve released the minutes from the June FOMC meeting. The market expects a rate cut in September, with a total of two rate cuts this year and three in 2026, totaling 125 basis points. (Positive news)
4) The U.S. Treasury released cash rebuilding forecasts, with a pace and method more moderate than market expectations. It is estimated that cash reserves will increase from $313 billion to $500 billion by the end of July and reach $850 billion by September. The Treasury is not in a hurry to rapidly replenish cash reserves, which may align with the Fed's rate cut in September to prevent short-term negative impacts on market liquidity, helping to stabilize market expectations and reduce U.S. Treasury yields. Therefore, the expectation for a rate cut in September remains almost unchanged (positive news).
Yesterday we mentioned BTC going to 109,888, and now it has reached 111,999, almost a historical high.
ETH was expected to go to 2,720 yesterday, and now it has reached 2,820.
Both have achieved their targets; how will the market move next?
Currently, the market is facing negative factors such as pump and WiFi bloodsucking, but there are no other significant external bad news for now.
Short-term market (2 days)
BTC current price 111,200, looking at 113,888 (retracing to around 110,700), support at 110,000.
ETH current price 2,790, looking at 2,888 (retracing to around 2,735), support at 2,700.
Medium-term market: ETH looking at 3,000, BTC looking at 120,000, to be achieved before July 15.
Long-term market: ETH looking at new highs, BTC looking at 168,000, to be completed by the end of December.
