#美国加征关税

1. Tariffs ignite "stagflation expectations", and the Federal Reserve is in a dilemma. If Trump's tariff policy is fully implemented, the effective tariff rate in the United States will soar from 2.4% to 25.1%, directly surpassing the levels seen during the Great Depression of 1930. China International Capital Corporation warns that this may lead to "stagflation" in the U.S. economy, while the Federal Reserve oscillates between cutting and raising interest rates, resembling "dancing square on a tightrope".

2. Technical Analysis “Door Opening Market”: Fate of CME Gap Filling. In March, Bitcoin surged to $95,000 due to the “Trump Crypto Reserve Plan”, but on-chain data revealed the truth: this frenzy was entirely supported by futures leverage, and major whales had already sold off on the good news. Subsequently, the CME futures gap was filled, and the price plummeted to $77,000, perfectly illustrating the cryptocurrency market law that “the sharper the rise, the sharper the fall.”

3. Retail Investor Faith Collapses: The “Mutual Washing Game” between the Primary Market and Whales. Seasoned investors in the cryptocurrency space understand this well, and the washing strategy involves three simple steps: The primary market and secondary market mutually cut (project parties running away vs. exchanges intervening); Market makers “big fish eating small fish” (for example, a certain exchange blew up $580 million overnight); Finally, the stablecoin “great escape” (the trading ratio of USDT/BTC surged to 67%). This time, the whales even used the “tariff” script, which can be termed as a “dimensionality reduction strike.”