Wall Street surged to historic highs in morning trading, with both the S&P 500 and the Dow Jones Industrial Average clinching all-time records. A powerful combination of strong AI-driven earnings forecasts and growing optimism over a U.S.-Iran diplomatic resolution sparked an aggressive wave of buying across risk assets.
âš¡ Main Trade Setup Drivers
- The Bessent Strait Breakthrough: Oil prices collapsed after Treasury Secretary Scott Bessent stated on CNBC that the U.S. and Iran "may have a deal today or tomorrow" to officially reopen the critical Strait of Hormuz. This potential breakthrough dramatically lowered macro inflation expectations and relieved supply-chain anxieties.
- AI Earnings Blowouts: Palantir (PLTR) soared 14.8% after reporting a massive 90% YoY surge in U.S. commercial and government software revenues. Industrial giant Caterpillar (CAT) simultaneously leaped on high-performing equipment demand, reinforcing an exceptionally strong corporate fundamentals floor.
- Goldilocks Employment Data: June JOLTS Job Openings came in steady at 7.4 million. This met analyst projections perfectly, confirming that the U.S. labor market is cooling down gently without falling into a hard-landing scenario ahead of Friday's payrolls.
Bitcoin and Strive, Inc. (ASST) are showing strong intraday alignment, catching a steady lift from the broader record-breaking equity rally. Bitcoin is trading at $63,679.02, recovering firmly from its earlier lows, while ASST has edged up 0.93% to $11.91.
âš¡ Technical Setup & Order Flow Catalysts
- Quantum Breach FUD Fades: A temporary morning dip triggered by a $100 million hardware wallet breach and quantum threat headlines was rapidly bought up. The broader market shifted back to a macro-driven relief squeeze.
- Beta Mirroring Intact: As a dedicated Bitcoin Treasury Corporation, ASST is actively mirroring BTC's micro-liquidity swings. The equity is recovering from its local $11.11 baseline hit earlier in the week.
- Institutional Pricing Delta: Despite recent small-cap pressure and a late July price-target trim from TD Cowen to $28.00, ASST continues to see defensive options interest as its underlying asset management AUM sits firmly above $2 billion.
🎯 Key Execution Trading Zones
- Bitcoin (BTC): Immediate overhead resistance sits at $63,818. Clearing this opens a clear trajectory back toward the $64,500 level, while trailing macro support locks in tightly at $63,000.
- Strive, Inc. (ASST): Bulls are actively working to flip the $12.00 psychological level back into support. Successfully holding above this floor points to a secondary retest of $12.28, while structural support sits lower at $11.74.
If you want to track order flow or position metrics for the morning, tell me if I should check:
- The active options volume and delta skews for ASST's front-month contracts.
- Real-time spot Bitcoin ETF flow data or recent corporate treasury changes.
- Key indicators from the Bikotrading or ATAS crypto templates for intra-hour order flow entries.
All responses may include mistakes. For financial advice, consult a professional. Learn more
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