📝 Review:On Wednesday, rumors that Trump would fire Powell caused market turmoil, with the dollar index plunging during the session and eventually closing down 0.36% at 98.244. U.S. bond yields rose briefly at the start of the U.S. session before retreating slightly, with the benchmark 10-year Treasury yield closing at 4.463% and the 2-year Treasury yield at 3.959%.

USD/JPY 147.998  Buy  Target Price  149.582

📝 Review:Spot gold rode a roller coaster, briefly breaking through the $3,370 mark, but narrowed its gains after Trump denied drafting a dismissal letter, eventually closing up 0.68% at $3,347.6 per ounce; spot silver edged higher, closing up 0.56% at $37.91 per ounce.

Gold 3346.63  Buy  Target Price  3377.51

📝 Review:As market focus shifts to expectations of a global oil supply surplus later this year, international oil prices fell for the third consecutive day. WTI crude oil initially fell and then rose, ultimately closing down 0.35% at $65.63 per barrel; Brent crude oil closed down 0.32% at $68.04 per barrel.

WTI Crude Oil 65.418  Sell  Target Price  63.943

📝 Review:The three major U.S. stock indices closed slightly higher, with the Dow up 0.5%, the S&P 500 up 0.3%, and the Nasdaq up 0.25%. Circle (CRCL.K) rose 19.3%, ASML (ASML.O) fell more than 8%, and Tesla (TSLA.O) rose 3.5%. The Nasdaq Golden Dragon China Index fell 1.4%, Alibaba (BABA.N) fell 1%, and Baidu (BIDU.O) fell more than 7%.

Nasdaq 100 22872.750  Buy  Target Price  23042.810

📝 Review:Bitcoin continued its rebound last night. As of 16:00 on July 17, the price recovered to around $119,300, up approximately 3.1% from the low of $115,678 on the 16th, with a 24-hour increase of 2.2%. In terms of news, the procedural vote on the U.S. House cryptocurrency bill has reached a stalemate. Although the stablecoin regulatory bill has been passed and will be sent to Trump for signing, the overall legislative progress is hindered by intra-party disagreements, cooling market expectations for the implementation of a regulatory framework. Bitcoin spot ETF funds continue to flow in, with a single-day inflow of $422.5 million on July 16, of which BlackRock's IBIT contributed $260 million, while Grayscale's GBTC and others saw net outflows, reflecting divided market sentiment. Overall, after the technical rebound, Bitcoin still needs to focus on breaking through the resistance level at $123,300, with policy progress and institutional fund movements remaining key influencing factors. Technically, Bitcoin has stabilized above the key support level of $118,000, with the middle Bollinger Band moving up to $116,500. The RSI rebounded from the oversold zone to 48, and the MACD histogram contracted, indicating short-term technical repair demand. However, the strong resistance at $123,300 remains unbroken. On-chain data shows that the net outflow from exchanges has exceeded 12,000 BTC for eight consecutive days, with no change in the supply tightening characteristics.

BitCoin 118729.8  Buy  Target Price  122587.8