Dallas Fed Manufacturing Shipments Index for June

The crypto assets industry is facing regulatory pressure, particularly the far-reaching impact of lawsuits in the United States. The native token of the Polkadot project, DOT, has successfully been classified as software, thanks to the communication between the Web3 Foundation and the SEC. This experience provides a compliance reference for the industry. Although regulation is severe, new development opportunities will arise in the future.

The financial markets are currently experiencing a moment full of anticipation, with several important economic data releases on the horizon. Investors are closely monitoring the upcoming earnings season, as well as the imminent release of the PCE and non-farm payroll data. In addition, the monetary policy meeting in July is likely to keep the Intrerest Rate unchanged, but market participants are more concerned about whether Powell will comment on the policy direction for September. From the data of the Bitcoin market, the current trading activity is relatively calm, with the main participants being short-term holders, while the long-term investors' positions have basically remained unchanged. The overall market sentiment is relatively stable, and investors are waiting for Powell's speech, but there has been no significant change in the judgment of the market's long-term trend. Currently, the price of Bitcoin has a relatively solid support, and there are no factors triggering market concerns for the time being. Important upcoming time points include the monetary policy meeting early Thursday morning, followed by the release of PCE data that evening, and the non-farm payroll report on Friday. These two days will be an important period of market volatility. At this critical moment, investors need to remain vigilant and closely monitor the changes in these economic indicators. They will not only affect traditional financial markets but may also have a significant impact on the cryptocurrency market. Although the Bitcoin market is currently relatively stable, this upcoming data may become a catalyst for market fluctuations.

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The price of Bitcoin has experienced severe fluctuations recently, primarily due to chain liquidations and high funding rates. The leveraged trading in the futures market has led to the liquidation of long positions, forcing prices to fall. At the same time, a slowdown in institutional capital inflow may increase the pullback risk, but there is also strong buyer demand for support. Despite the short-term uncertainties, the macro trend is optimistic, and the increase in stablecoin reserves indicates that capital may flow back into the market.

Recently, the XRP market has experienced increased fluctuations, attracting significant attention from investors. The current price is hovering around 3.14, near a key support level. The technical analysis shows that the XRP daily chart RSI indicator has dropped to 22, indicating a possible oversold rebound. The lower band of the Bollinger Bands at 3.08, along with the dense buying area around 3.1, has formed a short-term 'spring zone', providing support for long positions. From the perspective of trading volume, the level around 3.461 (trading volume 833M) is the main target for long positions. The range from 3.17 to 3.23 (trading volume 626M) is the primary resistance level for the day. It is worth noting that the trading volume in the range of 3.08 to 3.12 is relatively low, and the price may quickly cross this area. If it breaks below 3.08, the price may further decline to 2.90. The momentum indicator shows that the downward trading volume in the 3.10 to 3.14 range accounts for 54%, which has not yet reached extreme levels. However, if it can break through 3.17 with increased volume, it may indicate that long positions are regaining control. At the same time, the MA200 moving average is forming resistance near 3.29, while the lower band of the Bollinger Bands at 3.08 provides support. In the futures market, the open interest has net outflow by 20.7% over the past 7 days, and the funding rate is slightly negative, indicating that short positions still dominate. This situation may lead to additional selling pressure. For traders, consider going long with a small position near 3.10, setting a stop-loss at 3.075, and targeting price levels of 3.17 or 3.46. A more conservative strategy is to wait for the 15-minute candlestick to close above 3.17 and then buy on a pullback to 3.15, with a stop-loss at 3.12. If the price falls below 3.08, one can short when it rebounds to 3.10, targeting 2.90. Overall, XRP is currently in a mid-term downward fluctuation trend, but may enter the 'panic bottom' phase in the short term. Investors should closely follow potential rebound opportunities. At the same time, considering the uncertainty in the market, it is recommended to strictly control positions and manage risks.