The last trading day of the week, how to strategize for the weekend
The tariff issue will remain a major driver of the market until April 30 at 20:30. The market is primarily driven by events, and the positive and negative impacts of events determine the short-term direction of the risk market. However, from a longer-term perspective, GDP data may be the main factor affecting investors' risk appetite.
Currently, the forecast data indicates a value lower than the previous 2%, with only a fraction in the fourth quarter of 2024. Of course, the final data will ultimately be based on what the U.S. Department of Commerce publishes; whether people believe the final value is not important, as long as the Federal Reserve and the White House believe it.
If U.S. stocks can continue to maintain a significant rise tonight, BTC may have a good performance over the weekend. If U.S. stock sentiment retreats, it will depend on how our Asian partners choose their direction.
Of course, considering macro factors, events, etc., China and the U.S. are still in a tug-of-war over tariffs. Even if U.S. stocks are still rising this morning, BTC has not followed suit and has turned to a sideways movement. This indicates that the emotional stimulus for capital purchases is insufficient. Or, as prices rise, chips are frequently changing hands. The pressure at 94k is very strong. However, the short-term trend is still primarily bullish, and shorting is not recommended.
If 94k does not stabilize, it may oscillate in the 92-94 range.
The next factor impacting sentiment will be the macro data GDP and PCE on April 30 next week. The speculation will be next week. It is suitable to wait and see at the current position; if there are profits, take them first. If in cash, wait for a correction. You can pay more attention to some altcoins; I will personally provide some strategies for altcoins to guide followers in positioning some
$sui
