The government is considering reducing tariffs on China, but the market seems unresponsive! 4.24 Thought Analysis

According to foreign media reports, the government is considering significantly reducing the high tariffs on imports from China, with reductions in some cases exceeding half. A senior White House official stated that U.S. tariffs on China may be reduced to a rate range of about 50% to 65%. However, the market seems unresponsive. The cryptocurrency price did not continue to reach new highs in the evening.

From a technical perspective, there have been five consecutive bullish days on the daily chart, and this morning closed with a large doji star. The Bollinger Bands are still in an open state, and the cryptocurrency price is currently running above the upper band. The KDJ three lines have golden cross divergence upwards, but the three lines are clearly slowing down at the moment. The MACD two lines continue to rise, and the trading volume has significantly increased. The daily indicators lean towards bullishness, but there is also a very obvious demand for a pullback! Everyone should be cautious of bearish pullbacks!

For Bitcoin, enter short at the current price of 93500-94000, with a stop loss around 95000, targeting around 92000-91000-90500, with a mid-term target of around 89000-88200, and a long-term target of around 86000.

For Ethereum, enter short at the current price of 1800-1830, with a stop loss around 1850, targeting around 1750-1700, with a breakdown target of around 1670-1650.

This wave of rise has liquidated a lot of positions. Although there is an old man acting as a catalyst, the progress of tariff negotiations is minimal, and with no hope for interest rate cuts, everyone should avoid chasing highs at #加密货币总市值重回3万亿 .