Don't worry, don't pay attention to ups and downs, stick to a neutral strategy.

This week, the crypto market continued the cold rebound market style of last week, and the overall performance was weak

The main line of market speculation is the tokenization of PoW old coins and RWA US bonds.

Over the past two days, the price of the U.S. 10-year bond has risen 5.2%.

This is equivalent to a 20 basis point increase in the actual benchmark interest rate in the U.S. financial market. This is one of the important reasons for the pressure on the crypto market.

But don't worry too much about this, around 4.04 is likely to be the top.

It is expected that after Mrs. Yellen visits China this week, we will increase our purchases of U.S. bonds to help the United States control the yield on 10-year U.S. bonds.

In addition, BTC's long and short cycles have begun to rise in resonance, providing strong upward support for the crypto market.

When the current internal and external cyclical factors are balanced, event factors will have a decisive influence on the future market trend.

Right now, we should pay special attention to the application progress of BTC spot ETF.

However, although the BTC spot ETF application has been submitted, the possibility of its implementation in the short term is not high.

Therefore, under the influence of this internal and external environment, the market is likely to experience sideways fluctuations in July.