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On June 3, during a regular press conference, the Ministry of Foreign Affairs addressed questions regarding the current situation between the U.S. and Iran. Spokesperson Mao Ning expressed China's deep concern over the current situation, stating that the resumption of hostilities does not serve the interests of any party. She urged all relevant parties to cherish the opportunity for peace and to achieve a comprehensive and lasting ceasefire as soon as possible. (CCTV News)

[Ministry of Foreign Affairs: Resumption of Hostilities Does Not Serve Any Party's Interests]On June 3, during a regular press conference, the Ministry of Foreign Affairs addressed questions regarding the current situation between the U.S. and Iran. Spokesperson Mao Ning expressed China's deep concern over the current situation, stating that the resumption of hostilities does not serve the interests of any party. She urged all relevant parties to cherish the opportunity for peace and to achieve a comprehensive and lasting ceasefire as soon as possible. (CCTV News)

Ministry of Foreign Affairs: Resumption of Hostilities Does Not Serve Any Party's Interests

Dave Sloan, a senior economist at the economic research firm Continuum Economics, predicts that the US May ADP private sector employment will increase by around 100,000, roughly equivalent to the 109,000 added in April. The April increase was the strongest performance since January 2025. However, he noted that this estimate is still below the growth momentum implied by the ADP weekly employment report for the week ending May 9. Based on an average of 37,750 new jobs added weekly over the past four weeks, the corresponding monthly increase should be stronger. He added that it is noteworthy that the trends in the ADP weekly employment data released in early April were quite similar to those in early May, suggesting that historically, the May ADP employment increase may still be expected to remain close to the level seen in April.

[Economist: US May ADP Private Sector Employment Expected to Match April Data]Dave Sloan, a senior economist at the economic research firm Continuum Economics, predicts that the US May ADP private sector employment will increase by around 100,000, roughly equivalent to the 109,000 added in April. The April increase was the strongest performance since January 2025. However, he noted that this estimate is still below the growth momentum implied by the ADP weekly employment report for the week ending May 9. Based on an average of 37,750 new jobs added weekly over the past four weeks, the corresponding monthly increase should be stronger. He added that it is noteworthy that the trends in the ADP weekly employment data released in early April were quite similar to those in early May, suggesting that historically, the May ADP employment increase may still be expected to remain close to the level seen in April.

Economist: US May ADP Private Sector Employment Expected to Match April Data

Japanese government bond yields continue to rise, with the 2-year government bond yield reaching 1.400% and the 20-year government bond yield rising to 3.535%. (Jinshi)

[Japanese Government Bond Yields Continue to Rise, 2-Year Yield Reaches 1.400%]Japanese government bond yields continue to rise, with the 2-year government bond yield reaching 1.400% and the 20-year government bond yield rising to 3.535%. (Jinshi)

Japanese Government Bond Yields Continue to Rise, 2-Year Yield Reaches 1.400%

On June 3, according to a report by the Tasnim News Agency, Ali Nikzad, the Deputy Speaker of the Iranian Islamic Parliament, stated that the Iranian Foreign Ministry has received approval from Supreme Leader Mojtaba Khamenei to establish a task force on the Strait of Hormuz. Nikzad mentioned that this task force will coordinate with other agencies, including the armed forces, to draft a legal framework concerning the Strait of Hormuz. The relevant legal drafts have incorporated opinions from institutions such as the Iranian National Security Council and other stakeholders. (Xinhua)

[Iran's Supreme Leader Approves Establishment of Strait of Hormuz Task Force]On June 3, according to a report by the Tasnim News Agency, Ali Nikzad, the Deputy Speaker of the Iranian Islamic Parliament, stated that the Iranian Foreign Ministry has received approval from Supreme Leader Mojtaba Khamenei to establish a task force on the Strait of Hormuz. Nikzad mentioned that this task force will coordinate with other agencies, including the armed forces, to draft a legal framework concerning the Strait of Hormuz. The relevant legal drafts have incorporated opinions from institutions such as the Iranian National Security Council and other stakeholders. (Xinhua)

Iran's Supreme Leader Approves Establishment of Strait of Hormuz Task Force

On June 3, renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated in a post yesterday that Bitcoin is currently forming an expanding triangle pattern. This pattern is relatively common and typically reliable in Bitcoin's history, with a target price projected from the breakout point based on the height of the pattern. According to the measurement rules for an expanding triangle: Target = height of the pattern projected downward from the breakout point. His accompanying chart shows a widening triangle (with the upper and lower bounds gradually diverging). The breakout point is approximately around $74,000 (marked as $74,395 in the chart), and after projecting the height of the pattern (from the highest to the lowest point of the triangle), the arrow points to an area around $56,000.

[Peter Brandt: Bitcoin Currently Forms Expanding Triangle, Bottom May Be at $56,000]On June 3, renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, stated in a post yesterday that Bitcoin is currently forming an expanding triangle pattern. This pattern is relatively common and typically reliable in Bitcoin's history, with a target price projected from the breakout point based on the height of the pattern. According to the measurement rules for an expanding triangle: Target = height of the pattern projected downward from the breakout point. His accompanying chart shows a widening triangle (with the upper and lower bounds gradually diverging). The breakout point is approximately around $74,000 (marked as $74,395 in the chart), and after projecting the height of the pattern (from the highest to the lowest point of the triangle), the arrow points to an area around $56,000.

Peter Brandt: Bitcoin Currently Forms Expanding Triangle, Bottom May Be at $56,000

On June 3, according to Xinhua News Agency, the Office of the United States Trade Representative announced on the evening of June 2 that based on the results of the Section 301 investigation, the U.S. Trade Representative plans to impose tariffs of 10% or 12.5% on 60 economies under the justification of 'not prohibiting the import of products made with forced labor.' The announcement stated that the U.S. Trade Representative determined that these economies have failed to effectively implement bans on the import of products made with forced labor, which is deemed unreasonable and burdensome or restrictive to U.S. commerce, thus allowing for action to be taken. The U.S. Trade Representative suggested imposing tariffs on imported products from these 60 economies but retained some exceptions. Depending on the measures taken by each economy, the U.S. plans to impose tariffs of 10% or 12.5% on products from these economies. According to the announcement, stakeholders can request to participate in a hearing or submit written comments, with the hearing scheduled for July 7.

[US Plans Tariffs on 60 Economies Due to Forced Labor]On June 3, according to Xinhua News Agency, the Office of the United States Trade Representative announced on the evening of June 2 that based on the results of the Section 301 investigation, the U.S. Trade Representative plans to impose tariffs of 10% or 12.5% on 60 economies under the justification of 'not prohibiting the import of products made with forced labor.' The announcement stated that the U.S. Trade Representative determined that these economies have failed to effectively implement bans on the import of products made with forced labor, which is deemed unreasonable and burdensome or restrictive to U.S. commerce, thus allowing for action to be taken. The U.S. Trade Representative suggested imposing tariffs on imported products from these 60 economies but retained some exceptions. Depending on the measures taken by each economy, the U.S. plans to impose tariffs of 10% or 12.5% on products from these economies. According to the announcement, stakeholders can request to participate in a hearing or submit written comments, with the hearing scheduled for July 7.

US Plans Tariffs on 60 Economies Due to Forced Labor

On June 3, analyst Adler reported that the Bitcoin Impulse indicator, which reflects the price momentum of Bitcoin, has fallen to -59, indicating a rapid shift in market momentum to negative. At the same time, the 30-day Net Taker Volume Position Change indicator, which measures changes in active buying and selling power, has also fallen below the zero line for the first time in nearly three months, suggesting that the active buying demand that previously drove the price increase has largely been exhausted. Momentum indicators typically lead changes in capital flow. Currently, both the fast and slow momentum indicators are in deep negative territory, with the fast momentum close to -90 and the slow momentum rapidly declining to -59 after breaking below the zero line at the end of May. On the other hand, although the 30-day active buying demand indicator has just turned negative, it has not yet entered the 'bear market zone.' Adler believes that the market is transitioning from a 'buyer-dominated' phase to a 'seller-dominated' phase, with an overall risk-off sentiment. If active buying demand continues to decline and enters the bear market zone, while momentum remains negative, it will further confirm the bearish trend in the market; conversely, if active buying returns above the zero line, it may provide an opportunity for market rebound.

[Analysis: Bitcoin Momentum Indicator Drops to -59, 30-Day Active Buying Demand Turns Negative]On June 3, analyst Adler reported that the Bitcoin Impulse indicator, which reflects the price momentum of Bitcoin, has fallen to -59, indicating a rapid shift in market momentum to negative. At the same time, the 30-day Net Taker Volume Position Change indicator, which measures changes in active buying and selling power, has also fallen below the zero line for the first time in nearly three months, suggesting that the active buying demand that previously drove the price increase has largely been exhausted. Momentum indicators typically lead changes in capital flow. Currently, both the fast and slow momentum indicators are in deep negative territory, with the fast momentum close to -90 and the slow momentum rapidly declining to -59 after breaking below the zero line at the end of May. On the other hand, although the 30-day active buying demand indicator has just turned negative, it has not yet entered the 'bear market zone.' Adler believes that the market is transitioning from a 'buyer-dominated' phase to a 'seller-dominated' phase, with an overall risk-off sentiment. If active buying demand continues to decline and enters the bear market zone, while momentum remains negative, it will further confirm the bearish trend in the market; conversely, if active buying returns above the zero line, it may provide an opportunity for market rebound.

Analysis: Bitcoin Momentum Indicator Drops to -59, 30-Day Active Buying Demand Turns Negative

On June 3, Qianwen APP announced that it will fully open to third-party Agents and Skills, allowing all enterprises to operate their own brand Agents on Qianwen. Currently, companies such as Luckin Coffee, KFC, Mixue Bingcheng, and China Eastern Airlines are conducting Agent service tests on Qianwen and will gradually go live. In the future, enterprises will be able to operate their own Agents within the Qianwen APP, customizing the Agent's persona and service boundaries to provide users with various product services in a conversational format. Additionally, the Agents will have memory and proactive planning capabilities, allowing them to actively provide services in specific scenarios, such as itinerary reminders, expiration of rights, and repurchase recommendations.

[Qianwen Announces Full Opening to Third-Party Agents and Skills]On June 3, Qianwen APP announced that it will fully open to third-party Agents and Skills, allowing all enterprises to operate their own brand Agents on Qianwen. Currently, companies such as Luckin Coffee, KFC, Mixue Bingcheng, and China Eastern Airlines are conducting Agent service tests on Qianwen and will gradually go live. In the future, enterprises will be able to operate their own Agents within the Qianwen APP, customizing the Agent's persona and service boundaries to provide users with various product services in a conversational format. Additionally, the Agents will have memory and proactive planning capabilities, allowing them to actively provide services in specific scenarios, such as itinerary reminders, expiration of rights, and repurchase recommendations.

Qianwen Announces Full Opening to Third-Party Agents and Skills

On June 3, Brent crude oil increased by 2.00% during the day, currently priced at $97.16 per barrel. (Jin Shi)

[Brent Crude Oil Rises 2.00% to $97.16 per Barrel]On June 3, Brent crude oil increased by 2.00% during the day, currently priced at $97.16 per barrel. (Jin Shi)

Brent Crude Oil Rises 2.00% to $97.16 per Barrel

Данные рынка показывают, что BTC упал ниже $70,000, в настоящее время цена составляет $69,990.01, с 24-часовым снижением на 4.23%. Рынок испытывает значительную волатильность, поэтому, пожалуйста, обеспечьте надлежащее управление рисками.

[BTC Падает Ниже $70,000]Данные рынка показывают, что BTC упал ниже $70,000, в настоящее время цена составляет $69,990.01, с 24-часовым снижением на 4.23%. Рынок испытывает значительную волатильность, поэтому, пожалуйста, обеспечьте надлежащее управление рисками.

BTC Падает Ниже $70,000

Interview with Former Goldman Sachs CEO: Crisis, Leadership, AI, and Advice for Young People

2-Year Return of 225x? Uncovering Mysterious Researcher Serenity's AI 'Choke Point' Investment Strategy

Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

VVV Surges Over 10x This Year, Is the Base Ecosystem the Last Hope for Crypto AI?

Bitcoin Correction Pushes 580,000 BTC Into Loss Territory

One Article Deconstructs the Investment Methodology of 'Stock God Serenity'

Deconstructing the Investment Methodology of the 'Stock God Serenity' in One Article

Sharplink CEO: Ethereum's Future Is Playing Out Now

Kalshi and Coinbase Receive CFTC Approval, Ushering in the Most Regulation-Friendly Era for the Crypto Industry?

Weekly Token Unlocks: HYPE Unlocks $650M Worth of Tokens

Article

BTC falls below 70000 USDT

Strategy's First Sale Triggers Panic as Bitcoin Falls Below $70,000 Key Psychological Barrier

BTC Падает Ниже $70,000

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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