$BTC $ETH $XRP
Morning Market Analysis
What happened in just 24 hours from the suspension of tariffs for 90 days to the release of CPI data?
Since Liberation Day, Trump has seemingly become a master of face-changing performances, akin to a Sichuan opera actor. Of course, the essence of a businessman’s flexible use for profit is exquisitely displayed in such a leader. The changes in tariff policy seem to have shown us a spectacular bargaining scene in a clothing wholesale market! The back-and-forth has stirred up violent fluctuations in the global financial markets, especially as the U.S. stock market has turned into a solo act, with the dollar index experiencing a dramatic surge one night, followed by an approach to a circuit breaker the next!
Does this kind of shouting behavior from the “understanding king” truly make America great, or is there a deeper meaning behind it? Only CCTV's Channel 12's "Moral Observation"—whether it's the distortion of humanity or the decline of morality—can answer that, or perhaps "The Story Behind Furong Wang" can also provide insights into the essence! For us small retail investors, such sudden and chaotic operations mean we should just follow along lightly and buy a ticket to watch the performance.
A three-finger surge followed by a waterfall, BTC is also following the trend. At such times, gold is instead breaking new highs and setting records—3200 resistance is easily broken! Moreover, there are currently no signals indicating a peak, which fully demonstrates that the market has been seeking safe havens, and gold is the strongest consensus global safe-haven asset.
However, this surge should still be approached with caution; four consecutive monthly gains will surely lead to a pullback, so we should wait for 3048 to observe support. If it further declines, the $3000 round number will be the next support level. Once it falls below this level, gold may inevitably test the level at $2960! Many people will definitely be waiting to enter here!
The structure of BTC is actually quite clear. After a surge, there’s a major pullback, but ultimately there’s a W-shaped bottom, so after the pullback, continuing to oscillate upwards is also reasonable. The resistance at 825 remains, and a breakthrough will attempt to target the previous highs of 838-845. If it dips but does not break 81, it will again move into the 81-88 range. Therefore, there’s every reason to believe in the vacuum zone of the previous bull market’s main upward wave at 74k-90k, which is now filling in the densely packed area left behind. Below 74, there are still positions, having visited 72 more than three times previously, so in the future, if it falls below 74, it will be pushed down; the entity should only look above 74!
The view on ETH remains that the bottom is forming a head and shoulders pattern! If it breaks the previous low, it will be a 3-hour divergence, and we can go in heavily once again!
