Ethereum's increase exceeded 10%, SUI's increase exceeded 20%, while Litecoin and SOL had slightly smaller increases, around 5%.
This rise originated from the 'Trump trade'.
This is a new term that has recently emerged, referring to the special market conditions caused by changes in Trump’s policies.
Last night, Trump did three things.
1, change the tone, meaning to weaken the trade war with China, acknowledging that tariffs are too high and need to be lowered.
2, change the tone, emphasizing that the dismissal of the Federal Reserve Chairman has not been considered.
3, continue to convey interest rate cut signals to the market.
Last night, there were reports that the U.S. is 'close to reaching a trade agreement with Japan and India.' At the same time, analysts noted that the probability of an interest rate cut in May has greatly increased.
This series of sudden news has injected strong confidence into the market, leading to a significant surge in the cryptocurrency market.
Under Trump's tariff pressure, the market continues to decline gradually, and after repeated fluctuations, the cryptocurrency market has experienced a significant crash.
Similarly, under Trump's easing stance, Bitcoin has returned to a strong position. Although altcoins have risen significantly, they still have to face the question of how to choose direction under Bitcoin's high position.
The question everyone is concerned about now is whether Bitcoin will surge above 90,000 again and whether altcoins should continue to choose direction.
The Bitcoin daily chart shows that it has already broken through the pressure points of 88000 and 91000. This kind of trend can no longer be analyzed technically; it is a standard 'short squeeze market'.
Once a 'short squeeze market' occurs, it means that the bears may have a hard time in the short term.
Of course, if you short at this time, you need to set a small stop loss and not hold onto the position. The risk-reward ratio is reasonable, after all, it is also a pressure point.
Will a real bull market come directly?
Many counterfeit bull markets have already arrived, but the probability of a mainstream bull market is low and still requires time.
It is not necessary to expect such a crash; historically, there has never been a market that changes overnight. After experiencing a short-term bear market, the market needs time and multiple fluctuations to adjust, otherwise it is difficult to rally.
In other words, the time for trapped positions is too short, making it unlikely to pull up directly to relieve them.
In summary, gradually reducing positions during the rise is a correct choice. The 'Trump market' is unpredictable and there is a possibility of change, but one must also guard against the potential 'short squeeze market'.
In a high-volatility market, under the premise of holding spot positions, it is possible to appropriately match with contract leverage. After the market drops, Wang Ge has also started to frequently engage in contract fluctuations, and the risk-reward ratio is quite good.
Follow the black cat closely, use precise strategies for analysis, and select with large sums of AI big data, putting yourself in an unbeatable position? The market never misses opportunities, the question is whether you can seize them. Only by following experienced and right people can we earn more!