Trump has finally cracked and has said he will significantly reduce tariffs on China. I believe the US stock market will witness a significant rebound.
Bitcoin's performance in the past two days has been very strong. Yesterday, the daily level showed a strong bullish candle, and real buying and the inflow of tens of thousands of funds into ETFs have given Bitcoin a very strong rebound momentum.
For this wave of Bitcoin's rebound, I believe Wall Street institutions should have already received the news that Trump will adjust the tariff policy towards China, so they positioned themselves in advance. In the financial capital market, we earn money from information asymmetry and cognitive differences, of course, the news is often lagging for most of our investors.
When most of us know the news, the market has basically reached a relatively high point, which also determines that over 95% of people in the financial capital market cannot make money.
Of course, with over 10 years of experience in the financial capital market, even with very subtle positions, I can capture some subtle market changes from very nuanced layouts and then timely develop a relatively robust strategy risk control system.
In fact, I had anticipated this wave of Bitcoin's rebound. Bitcoin will inevitably go back to repair the important level at 💲96000. At the daily level, it is facing a significant test and selling pressure at this level.
The weekly level for Bitcoin also shows a strong bullish candle. At the weekly level, it is facing significant selling pressure at 💲96000. If this week the weekly level can strongly stabilize at 💲92000 on April 28, then the overall bullish strength in the market will further follow through, then make a slight adjustment, and then prepare to break through and test the strong resistance at 💲102000 at the weekly level.
Personally, I think that under the premise that the Federal Reserve has not clearly indicated an interest rate cut, the probability of Bitcoin strongly breaking through and stabilizing at the strong resistance level of 💲102000 is less than 20%.
Although Trump has softened his stance on the significant reduction of interest rates in the trade war with China, it still cannot enable Bitcoin to completely break through and stabilize at the level of 💲102000.
Ethereum also had a strong bullish candle yesterday, but there is significant selling pressure above Ethereum. At the daily level, there is substantial selling pressure around 💲1920, and 💲2200 is a very strong resistance at the daily level for Ethereum.
From Ethereum's performance in the past few days, it has not further kept pace with Bitcoin; it only had a symbolic rebound, and its performance is very disappointing.
Ethereum's weekly level at 💲2200 is also a strong resistance, so I have always advised that Ethereum should not be held for the medium to long term, but only for short-term swing trading.
