$BTC $ETH
After the US-China tariff agreement, why did the US stock market rise while the cryptocurrency prices fell?
Can Bitcoin continue to rise? The trade war has been a quiet affair, and gold's properties have delayed recession expectations.
The expectation for interest rate cuts has not yet arrived, after all, it won't happen so quickly. Therefore, there is still no continued positive speculation.
Previously, Nini mentioned that the bears are still gathering strength in the market; after dealing with the shorts, they will charge at the longs.
Today, the monthly inflation data (CPI) will be released, and funds are temporarily seeking safe havens, which makes sense. So if we don't have a suitable position today, let's wait for the CPI data to be released to see if it will be favorable.
In any case, for now, there is no significant negative news.
After this wave of gains in the US stock market, whether the funds can overflow into Bitcoin will depend on the next couple of days.
