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Trump issued a new tariff notification to trade partners to strengthen pressure ahead of negotiations on July 9. This move signals that the US may see a new round of escalation in global tariff policies. The market is worried about further deterioration in global trade, affecting economic prospects, leading to fluctuations in the dollar and a short-term rise in safe-haven asset gold prices. The crypto market will also be affected at that time; currently, the market is in the second phase of high-level consolidation, and from the perspective of technical indicator structure, it has just begun, with an expected one to two weeks of transitional testing. Overall, while the upward trend is still present, the strength and momentum are completely insufficient. A pullback and correction to build energy are essential for a healthy bull run; prolonged high-level sideways movement will inevitably be accompanied by a strong pullback!
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Reviewing the intraday market performance, influenced by weekend factors, the overall market shows a moderate trend with relatively limited volatility. The market maintains a narrow range of fluctuations, providing a relatively ideal trading opportunity for short-term operations. From the current 4-hour candlestick chart, the market exhibits a clear pattern of consolidation. The price continues to hover below the middle band, forming a narrow fluctuation range. In terms of technical structure, there has not been significant pullback strength since the short-term rebound. Although there was a pullback in the early morning, it can only be regarded as a correction compared to the upward space. Market trading appears slightly light, with both bulls and bears adopting a cautious attitude, leading to repeated tests between key support and resistance levels. This consolidation state creates room for high selling and low buying, and it is recommended that short-term investors pay close attention to changes in trading volume to seize structural opportunities within the range. After confirming platform support with a second pullback in a smaller cycle, the market is expected to stabilize, and in the short term, there is optimism for another surge and breaking new highs. This point remains undisputed; the reference significance of indicator moving averages is diminishing, and the trend is relatively flat, so it is advisable to grasp the strength of pullbacks to follow the bullish trend.