US-China tariff benefits, why did US stocks rise while $BTC fell? Can $BTC continue to rise?
Affected by tariffs, a spike occurred to liquidate short positions while attracting most long positions to enter the market. Subsequently, the good news was realized, leading to a large amount of spot capital fleeing, causing the market to quickly decline, effectively liquidating shorts and attracting longs.
The price has retreated, but there is really no bad news, and it is unlikely to continue falling. Looking for support at lower levels to stabilize.
From the combination of URPD data and candlestick analysis, it is currently supported at 100,700 (with 99,000 below that).
2. The trade war has been quiet, and gold's attributes have delayed recession expectations. So BTC was sold.
3. There are still no expectations for interest rate cuts; after all, it won't happen so quickly. Therefore, there are still no continued expectations for favorable speculation.
4. Today, the monthly inflation data CPI is to be released, and it is reasonable for funds to temporarily seek refuge. We await the announcement of CPI data to see if it will be favorable.
