$ETH #加密市场回调 Last night while we were sleeping,
The U.S. court ruling turned the tables dramatically❗️
The day before yesterday, the court halted the tariffs on Trump’s goods,
Yesterday, the White House's appellate court quickly reinstated the tariffs,
The market believes Trump will ultimately prevail over the trade court ruling.
BTC responded with a pullback, dipping down📉.
The policy game intensifies market volatility,
The macro environment is still harsh,
Yesterday, some altcoins that had risen have returned to their starting points,
Trading in the secondary market is indeed difficult.
Tonight, the core PCE price index for April will be released,
Which will also bring market fluctuations, and with the weekend approaching, institutions are off work, liquidity is relatively poor.
If the PCE is bearish, the probability of a drop over the weekend is greater than the probability of a rise.
If the PCE is bullish, BTC will accelerate its rebound😁.
Recently, the yield on the 10-year U.S. Treasury has continued to rise📈,
And inflation globally has not come to an end,
Which is particularly unfavorable for risk assets.