Tomorrow Friday is a holiday in the United States, and the US stock market will not open. The next three days will be a holiday. The recent two days have not been very good for the US stock market, mainly due to the pullback in the semiconductor sector. The reason for this is mentioned in the two tweets that topped the list. Institutions and hedge funds have been withdrawing from technology stocks since last week, and the majority of investors who took over later should be retail investors. The future trend will continue to depend on the data. Whether the institution is a hedge fund or has re entered, or is waiting for a better time to calm down the market, it may not necessarily be a bad thing. The financial reporting season starts in late July, so the time to relax will not be very long. In addition, today's non farm payroll data shows that the unemployment rate has slightly decreased, but the number of employed people is also declining. Overall, it is not good data. On the one hand, the probability of the Federal Reserve cutting interest rates has decreased, and on the other hand, the US economy is also slightly pessimistic. Of course, labor data is not currently dominated by the market, and the key is still to look at inflation. Oil prices have stabilized below $70, which is almost back to pre war levels. Retail oil prices should also drop in about a month, and there may be information of improved inflation before the September interest rate meeting. It is highly unlikely that interest rate hikes will occur in 2026. But cutting interest rates is more difficult. The performance of Bitcoin has been good in the past two days, even though the US stock market has fallen. The price trend of Bitcoin: native has remained stable at around $60000, which is also evidence of my often mentioned strong purchasing power of $60000. I am not very lucky on the dual currency market, and the Bitcoin I bought for $59000 was sold for $60000, which is a bit uncomfortable. Then there was a high sale of $62000 on Friday, which seemed to be in danger of being executed. I realized that I was really not suitable for selling Bitcoin, and every time I sold it, I felt a little uncomfortable. Although this was a test preparation I had made in advance, my own main position still hadn't been moved. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout