The bloody moments have continued since last week. Is this a competition to see who can make the harshest remarks? What is Trump really up to?
On the evening of the 4th, the non-farm payrolls exceeded expectations, but the market reaction was not intense. Compared to the massive fluctuations caused by Trump's tariffs, the non-farm data is becoming less significant.
With tariffs in place, the expectation for a Federal Reserve rate cut has risen, shifting from three cuts to a 50% probability of a fourth cut.
Whether deflation and inflation can offset each other during the financial crisis, no one knows what Trump is really planning.
U.S. stocks have surged, what passive effects will this have on the crypto market?
The whole market is in a bizarre atmosphere. Bitcoin has stopped falling after dropping from 4.3 to around 812. Youmi mentioned that 810 is a support point. Currently, the movements over the past few days show that the market is stuck in the 850-810 range, oscillating back and forth, unable to break above or below.
On April 5th, Old Powell's speech was quite impressive: "Even if the sky falls, we must stabilize the economy!" This strong reassurance indicates that the situation is quite tricky and becoming increasingly difficult.
The bearish sentiment in the market has indeed been surprisingly consistent. Mainly because there are no reasons to be bullish, but the probability of the market going haywire seems low.
Remember, the crypto circle is counterintuitive; whichever side has a louder voice, that’s the opposite of what will happen. Currently, stuck in limbo, you can just guess.
Max and Trump, who once walked hand in hand, are now drifting apart. "I’m the one leading the charge, and now you want to take my stronghold? Then I must publicly declare—support zero tariffs and sing against you," Ma has lost the patience to play with these politicians; his own company is in turmoil.
Currently, Youmi believes we are back to a choppy dog-walking scenario. Let's see the results of the tariffs on April 9th. The current downward oscillation seems acceptable, but this week remains precarious. The 80K position is hanging by a thread! However, we also need to stay alert for any major moves from the big players to avoid being caught off guard.
