Update on market factors: Nvidia leads AI sector to retreat: This not only affects the Nasdaq, but also the Bitcoin market.

Potential approval of Ethereum ETF: It is expected to be approved in early July, which will be good for Ethereum before it is officially confirmed.

Macro data on July 6 and 11: Important economic data will be released on these dates. Impact of Ethereum ETF formal trading: If approved, Grayscale may sell off, and it is necessary to observe the acceptance of other institutions, similar to the Bitcoin situation from late January to early February this year.

At the highest point last night, I reminded on Weibo that Nvidia's possible retracement has begun, and the negative impact of factor 1 has taken effect and is continuing, and the end time is still uncertain. Judging from the current decline, Ethereum is obviously resistant to decline, so factor 2 should also play a certain role. Next, let's see whether this can be confirmed from the end of June to early July. As for factors 3 and 4, they have not yet begun to appear.