Trump told the Saudi Crown Prince, "I like you very much." Trump also referred to Syrian President as "charming" and "strong." Trump further stated that the Emir of Qatar and his family members are "tall and handsome guys."
During his three-day trip to the Middle East, Trump showcased his "brotherly" diplomacy. This also marks Trump's intention to establish strong relations with Gulf countries as the core of his Middle East strategy.
This week, the easing of trade tensions between the U.S. and China, along with Trump's trip to the Middle East, has ignited optimism among investors, driving the S&P 500 index to achieve five consecutive trading days of gains, and leading all three major stock indices to record weekly increases.
Recently, U.S. stocks have surged, benefiting from Trump's recent tariff easing and economic stimulus plans. However, U.S. stocks have also reached a strong resistance position on the weekly chart. Additionally, they opened higher with a gap, indicating a requirement to fill the futures gap.
Next week may see a potential pullback, as BTC has not been following the rally recently. If U.S. stocks correct, BTC is likely to lead altcoins in a significant drop.
It is still advised for spot traders to patiently wait. Do not enter the market in a panic sell-off. At this time, it is also not advisable to chase long positions; many altcoins have not yet corrected adequately. Although there will be further upward movement later, who wouldn't want to buy at lower prices? Let's wait a bit longer. $BTC
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