Bitcoin 200-Week MA Turns Resistance: July Rally in Doubt | Global Markets Roundup

Bitcoin's 200-week moving average has flipped from support to resistance, challenging the bullish July narrative. Global market highlights: US-Iran ceasefire lowers oil prices; gold bears death cross; US PCE methodology revision may artificially depress inflation. US tech stocks see extreme selloff with rotation into defensive sectors; SpaceX to be fast-tracked into Nasdaq 100. In Asia, South Korea boosts semiconductor/AI infrastructure, China's innovative drugs and consumer stocks lead, Hong Kong tech sentiment recovers.