July might become a turning point for global assets: AI hardware keeps surging, BTC falls below the bear market lifeline. Semiconductors doubled in the first half of the year, with funds still chasing AI computing power; but BTC broke below the 200-week moving average, ETF funds continue to flow out, and $58K has become a key support level. Upcoming non-farm payrolls, central bank forums, and July risk appetite will determine whether tech stocks can survive and whether the crypto market can stop its decline.