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According to a report by Odaily, 10x Research analyzed that stronger-than-expected U.S. employment data led to Bitcoin price fluctuations, and ETF outflows further increased selling pressure. However, active buying from long-term holders helped form price support in the market. Meanwhile, weak employment data also caused market expectations for the next rate hike to be pushed from October 2026 to December, providing some short-term support for Bitcoin. 10x Research added that historical data shows July has consistently been a strong month for Bitcoin, with an average increase of 9.1%. However, the market usually enters a consolidation phase from August to September, with September potentially being the cycle's low point. Recently, Bitcoin rebounded from 58,500 USD to 61,500 USD, possibly offering new opportunities for traders.

BlockBeats news, on July 3, UBS stated that based on industry research, it has raised its DDR contract price benchmark expectation to a quarter-on-quarter increase of 32% in Q3 2026 and 18% in Q4 2026, previously forecasting increases of 17% and 12% respectively. UBS continues to expect the DRAM industry to remain in a supply shortage at least until 2028. By 2027, the gap between DRAM demand growth and supply growth is expected to widen to 17%. If we assume that downstream inventory is not digested in 2027, meaning that after restocking in the second half of 2026, clients still have sufficient inventory, the supply shortage rate will worsen from 8.1% in 2026 to 13.6% in 2027. UBS stated that both of these levels have not been seen in the past 30 years. On the NAND side, UBS currently forecasts a quarter-on-quarter price increase of 30% in Q3 2026 and 12% in Q4 2026, and expects the NAND upcycle to last at least until Q4 2027. UBS also raised its memory industry revenue forecast to $992 billion in 2026 and $1.763 trillion in 2027. The main risk lies in the affordability of hyperscale cloud service providers, especially as they still need to continue tapping capital markets to finance capital expenditures.

```htmlGolden Ten Data reported on July 3 that Bank of America raised its year-end target for the Euro Stoxx 600 index on Friday, citing improving growth prospects in the eurozone. As the energy shock caused by the Iran conflict fades and German fiscal stimulus begins to boost economic activity, growth momentum in the region has strengthened. The Wall Street brokerage now expects the benchmark index to reach 630 points, up from its previous forecast of 590 points. Currently, the index is more than 3% above Bank of America's latest target. Bank of America stated that the eurozone is experiencing a "mini 'Goldilocks' moment" (an ideal state where economic growth is moderate and inflationary pressures are mild), with economic activity rebounding as inflation pressures ease. However, the brokerage still maintains an "underweight" rating for European equities relative to global equities. Strategist Sebastian Raedler said: "Although the eurozone growth outlook is more optimistic, our view on European stocks remains negative, as market pricing reflects overly ideal expectations."```