Will the market maintain a volatile trend or continue to rise?
Currently, there are no interest rate cuts, no end to balance sheet reduction, and no other policies in place, indicating that we are not in an easing cycle fundamentally.
At present, what affects the price of $BTC is sentiment, and what influences sentiment are macro factors, cryptocurrency events, etc. The price of BTC, in turn, affects the rise and fall of altcoins.
Previously, sentiment was influenced by the easing of Trump’s tariff policies and Powell's softened stance, leading to a price increase, but the impact of this event is limited, and there are still variables. What if Trump says something else, right?
Now, Trump mentions that the tariff situation is still being negotiated, and there are no other major positive stimuli, and the resistance at 95,000 above 93,100 has not been broken through.
For now, it remains volatile.
Moreover, looking solely at the K-line trend, after the US stock market opened at 9:30 last night, the trading volume of BTC expanded and then changed hands.
We are currently waiting for further events that impact sentiment. Is there a reaction from Dongda today? There’s also the economic data coming out next Thursday, April 30.
The probability of maintaining volatility is high, and the uncertainty is also large (to put it simply, if there’s a slight negative impact on sentiment, the price will drop, but for it to continue rising, it needs a stronger positive stimulus. Is there such a strong positive stimulus in the short term? Probably not.)
In any case, those who bought around 75,000 are already nearing a profit of 20,000 USD.
As for altcoins, we don’t need to say much about their potential, right!
