Good morning everyone!
Last night, global risk assets staged a 'burial market' coinciding with the Qingming Festival, even Trump might exclaim about the market's timely response today. But jokes aside, let's get back to the point - how do we see today's market?
Today's trend prediction:
I believe the decline is not over! Although BTC has returned above 83k this morning, this is merely a technical repair before the US stock market closes, not even a proper rebound. Currently, the correlation between cryptocurrencies and stocks is extremely strong, and this 'false repair' is likely building momentum for the next wave of the market.
Operational suggestions:
Contract players: it is recommended to take most profits and keep the bottom position with a stop-loss to protect capital
Spot holders: can hold with peace of mind, the medium-term upward trend remains unchanged (bad news is fully priced in and will turn positive)
Key time nodes:
Expected to fluctuate upwards during the day
May adjust after the evening US stock market opens
Key focus on whether it breaks below yesterday's low
The weekend will bring real technical repair, paving the way for a market reversal in May-June
The current macro environment is worth paying attention to (with the latest tariff dynamic timeline):
First round: April 5 (10% baseline tariff)
Second round: April 9 (targeted high tariffs)
For details, refer to: https://m.toutiao.com/is/_US3UNveIUI/
Welcome friends with different views to discuss together! What do you think the correction will last to?
This tariff storm will come in two rounds: April 5, the 10% baseline tariff will take the lead; April 9, high tariffs targeting specific countries will follow.
Although the cryptocurrency market has plummeted these past two days, the probability of interest rate cuts is rising, let's look forward to it together!
