Currently, the expectation for a rate cut in the US dollar is somewhat low, and in the short term, it remains weak. Technically, the medium to short term is still bearish and moving downward, and the market needs some time to build a bottom. Without funds to drive the market, it is difficult to rise in the short term; we can only wait for the faucet to open and unleash a lot of liquidity.
As shared yesterday, the movement of Bitcoin may be somewhat volatile, and the market's short-term expectations have a significant gap. With Bitcoin dropping like this, the non-farm payroll data and the White House cryptocurrency summit tonight basically summarize that you can go ahead with confidence. After all, Trump has gathered those people together, and then to release both bullish and bearish news is somewhat unreasonable.
In the future, Trump's influence on this Bitcoin market will gradually decrease because he has already expressed all the attitudes he needed to. Any future statements will have less and less impact on the market.
