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OCBC Group research strategists pointed out in a report that the medium-term effectiveness of gold as a tool for asset diversification still exists, but its price may be constrained by a more severe macroeconomic environment.In terms of supporting factors, central banks in various countries have stated that they plan to increase their gold reserves in the next 12 months, and the continuous demand for gold purchases from official sectors may provide structural support for gold.However, in the short term, gold still faces macro headwinds. Investors have already priced in expectations of a Federal Reserve rate hike, and the pressure brought by rising real yields and a stronger US dollar is unlikely to be fully offset.OCBC expects the gold price to reach 4,360 US dollars per ounce by the end of 2026, and to rise to 4,680 US dollars by the end of the second quarter of 2027. This forecast reflects the bank's view that while gold is bullish in the medium term, its upward trajectory could be turbulent.

BlockBeats News, July 3rd - Trader 3X Long Labubu stated that during today's Asia session, Storage Stock Ironman and SK Hynix tested the 50-day Exponential Moving Average (EMA) and experienced a strong rebound. Taking into account the 30-minute pivot point signal, the trader decided to re-enter positions for these two storage stocks, setting the 50-day EMA as the stop-loss level. The trader also decided to selectively add to the positions and hopes that Micron and SanDisk can replicate a similar price trend next Monday. The trader believes that the South Korean KOSPI Index, as a leading indicator of the semiconductor cycle, should be closely monitored, especially the 50-day moving average.

BTC has returned above $61,500, kicking off a rapid market rebound. Over the past 24 hours, total liquidations across the market reached approximately $1.83 billion, with short liquidations accounting for $1.249 billion, or 68% of the total. This surge was primarily driven by short covering, rather than a significant influx of new leveraged positions. From a capital perspective, BTC saw a net inflow of about $283 million in the last 24 hours; ETH recorded a net inflow of $1.479 billion, clearly exceeding BTC; SOL reported a net inflow of $695 million and has gained over 20% in the past seven days, indicating funds are still flowing into strong assets. Notably, BTC's funding rate stands at just 0.0001, remaining relatively neutral. This suggests market sentiment has not overheated yet, and there are no signs of crowded trades in the short term. Key levels to watch next: $62,145: This is the first major short liquidation zone above. If this level is broken, it could further trigger short stop-losses in the $62,327—$62,761 range, driving prices higher. $61,100: An important short-term support level. If a pullback holds here, the rebound structure may continue. $60,500: This is a crucial defense point. If it fails, the market may retest support around the $60,000 level. Currently, this rally has significantly repaired market sentiment, but whether it can turn into a sustained trend depends on whether the $62,145 line breaks with volume and whether capital continues to flow in. Risk warning: The above content is for market information sharing and data analysis purposes only. It does not constitute any investment advice.