Early in the morning, the White House stated that Trump is willing to reach an agreement with Country C to ease attitudes and will continue to monitor developments.
At 2 AM, $BTC the highest only reached around $84,300, still pressed down by $85.
There shouldn't be any major bearish news before the end of the month, but that doesn't mean we can continue to push higher.
Bitcoin
In the second half of the year, I personally believe it will return to $100,000. Previously, I was bearish on BTC down to around $75,000, ETH around $1,400. Now both have reached those levels; ETH has definitely hit the bottom and will rebound, Bitcoin will do the same. So I think Bitcoin will probably not drop below $73,000 since a lot of shorts are trapped there.
In the second half of the year, buy more altcoins at lows and buy more Bitcoin at highs, because Bitcoin doesn't drop much, but altcoins can lose all their value when they drop.
In short, this is the golden window for 'enduring the cycle': Bitcoin is under pressure in the short term but bullish in the medium term, quality altcoins are lying on the floor with no one grabbing them. As long as you can hold on, the moment the wind comes is when it will take off!
At the end of the month, there will be GDP data and PCE data:
Especially the GDP data; if it can't be obtained, there will be risk-averse sentiment.
After that, in May, we will look at April's inflation and employment data. Note that this inflation data includes tariffs.
Currently, various macro data and market performance seem to indicate an economic slowdown. If Powell puts interest rate cuts on the agenda, the market will likely think you are afraid of a recession, hence the rate cut.
So this logic is different from last September's rate cuts. This type of emergency rate cut will not be favorable for risk markets (U.S. stocks and BTC).
The above is purely my personal opinion and does not constitute investment advice.
