After the Bitcoin price fell to 91.5k as expected, it quickly rebounded. Near 91.7k, long positions were liquidated, and the short-term may continue to show a trend of oscillation upwards. Beware of spike stop losses.

After the Trump administration eased its tariff policy, the US dollar index and US Treasury yields rebounded in sync, with the three major US stock indices rebounding for three consecutive days, but the market remains skeptical about the sustainability of the policy. The gold price stopped falling and rose to 3245 USD/ounce, with expectations of Fed rate cuts and geopolitical risks supporting safe-haven demand. Institutions generally raised their gold price forecasts to the range of 3500-3700 USD. The current market shows a simultaneous recovery pattern of risk assets and safe-haven assets, but policy fluctuations may exacerbate volatility.

The above is for reference only and should not be considered investment advice.