🎊Brothers, happy weekend!
Recently, #大饼 has experienced a pullback. Is it a bear market signal or a prelude to a rebound? Let me give you a brief analysis, brothers 👇👇👇
This pullback mainly stems from a harsh macro environment [decline]:
1. Trade negotiations are at a stalemate;
2. The judicial rulings on tariffs are inconsistent, and the legal battles continue, while seeking other ways to impose tariffs;
3. The Federal Reserve's expectations for interest rate cuts are unclear, and Powell has repeatedly stated that there is no rush to cut rates.
Currently, the two forces affecting the cryptocurrency market are both related to Trump, one positive and one negative:
The positive is support for cryptocurrencies, with policies being introduced one after another for protection;
The negative is that tariffs are causing prices to soar, and the Federal Reserve remains passive.
The market is fluctuating between these two major factors, but upon closer examination, the positive actually outweighs the negative. On one hand, strong policy measures are in place, the U.S. has passed a stablecoin bill, and states are starting to include BTC as part of their strategic reserves. On the other hand, the impact of tariffs has led to a decline in U.S. stocks and reduced attractiveness of U.S. bonds. In the long run, funds that are withdrawn will flow not only into gold but also into BTC [grin].
Although BTC is experiencing a pullback, on-chain data shows that not many coins are flowing into exchanges, and selling pressure is limited. Before the Federal Reserve cuts rates, altcoins are unlikely to have opportunities. Currently, BTC has pulled back to the 30-day moving average, which is a healthy adjustment, so there's no need to worry too much 🔥🔥
I suggest short-term operations can wait until the market reveals itself. There's no rush for immediate actions. Take advantage of the Dragon Boat Festival holiday to relax and spend quality time with family. Wishing all the brothers a pleasant weekend! 😀
