In the early morning, the White House stated that Trump is willing to reach an agreement with China to ease tensions. Continue to monitor developments. At 2 AM, Bitcoin peaked at around 84,300, still held down by 85,000, as mentioned yesterday.

There shouldn't be any major negative news until the end of the month. However, that doesn't mean it can continue to rise; not to mention any positive news, those who bought at around 7,500 will definitely want to sell. So the price will still be pressured, and even if 8,500 breaks through and stabilizes, there’s still 87,700, which is a level that was not previously broken and stabilized. So it may continue to fluctuate.

Then at the end of the month, there are GDP data and PCE data. Especially the GDP data, if it can't be met, will trigger risk-averse sentiment. After that, in May, we will look at April's economic indicators and employment data. Note that this inflation data includes tariffs.

Now it seems that various macroeconomic data and market performance indicate an economic slowdown. If old Powell puts interest rate cuts on the agenda, it will likely lead the market to believe that you are afraid of a recession, hence the rate cut.

So this logic is different from the rate cuts in September last year; such emergency rate cuts would not be beneficial for risk markets (U.S. stocks and BTC). #加密市场反弹 #特朗普暂停新关税 $BTC #币安投票上币