$BTC Futures Hot Spot Tracking

The bullish atmosphere is strong, and chemical futures continue to lead the rise. Institutional analysis indicates that the current tight liquidity in spot styrene due to maintenance provides some price support, but overall it is still constrained by the sluggish price of pure benzene; in the short term, PTA spot prices are fluctuating strongly along with the cost side.

(From Jinshi Data App) Exciting news! Take a look!

Recently, the U.S. side has been continuously releasing messages claiming that negotiations are taking place between China and the U.S., and an agreement may even be reached!

The spokesperson for the Ministry of Foreign Affairs solemnly clarified at a press conference:

These are all false messages! There has been no consultation or negotiation between China and the U.S. on the tariff issue, let alone reaching an agreement! This tariff war was initiated by the U.S. side, and China's position is clear: if you want to fight, we will accompany you to the end! If you want to talk, the door is open! Dialogue and negotiation must be equal, respectful, and mutually beneficial!”

Yesterday, due to this message, the market surged rapidly! Now that it has suddenly announced that the message is false, it may bring a certain degree of negative impact to the market! Currently, from the market perspective, it has already been affected by this message!

In addition, the U.S. will announce the adjusted CPI annual rate data for the end of April tonight at 8:30. If the data is favorable, it can ease the market's negative impact. If the data is unfavorable, it may lead to a market plunge, and the support at 100172 for the big contract is likely to be broken! Once this support is breached, the big contract may drop to around 98000 and 97000. Please pay attention ⚠️ and prepare for profit-taking and stop-loss in advance!