On April 2, the (Reciprocal Tariff) executive order signed by Trump officially took effect, triggering strong shocks in the global market. Although the policy has a negotiation window, given that such policies can easily lead to a chain reaction, the market generally holds a cautious wait-and-see attitude. At 3 PM that afternoon, the Ministry of Commerce of the Eastern Power responded, stating that if the U.S. continues to take tough measures, China will resolutely counteract. Prior to this, market risk sentiment was relatively stable, but with the policy coming into effect, risk aversion sentiment quickly heated up. In the early hours, U.S. Treasury yields surged to 4.5%, and U.S. stocks fell during the Asian trading session, raising concerns about a dual crisis in the bond and stock markets. Click to enter the Binance ace KOL exclusive group
The main source of market panic lies in concerns that the Eastern Power will implement strong countermeasures due to the (Reciprocal Tariff) policy, leading to uncontrollable trade frictions. However, after 3 PM, the wording of the Eastern Power's Ministry of Commerce statement became more moderate, with no new tariff countermeasures introduced, which led the market to expect that both sides would continue to resolve disputes through negotiation. The tension of the world's largest trade contradiction has eased to some extent, and market pressure has lessened. However, it should be noted that this is only a temporary easing; both sides are currently exercising restraint to avoid a complete escalation of conflicts, as a full-blown conflict would severely harm the global economy. The current situation is like a 'warning letter' to the U.S., indicating that its policies have reached a bottom line, and further escalation may put its own economy at risk. The surge in U.S. Treasury debt has already put it under tremendous pressure. If the Eastern Power immediately implements high tariffs in retaliation, the U.S. economy may struggle to bear it. Therefore, both sides actively seek dialogue while maintaining a certain level of pressure. After the Eastern Power's response, the U.S.'s subsequent actions are highly anticipated. If it insists on a tough stance, countermeasures will quickly follow, and the trade game is far from over, with high market uncertainty remaining.
Against this backdrop, the price trend of Bitcoin has become the focus of market attention. Recently, Bitcoin has once again tested the bottom, showing strong demand support at the current price level, and multiple tests have made the support level more solid. From the external environment, the RMB exchange rate has fallen to a nearly 20-year low, U.S. Treasury yields have risen to a 5-year high, and market panic sentiment is spreading. However, amidst the crisis, opportunities also lie within; cryptocurrency investors need to remain calm under panic and keenly capture investment opportunities. The future trend of the cryptocurrency market will be influenced by multiple factors such as the subsequent development of the tariff storm, macro policy adjustments, and changes in market sentiment. Investors need to closely monitor market dynamics and manage risks effectively to establish themselves in a complex and changing market.Click to enter the Binance ace KOL exclusive group
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