Brothers, good morning 🌞🌞
Today's market analysis is here!!
After waking up, the market has changed significantly again. The understanding king has extended the tax delay period to August 1, announcing a 25% tariff on South Korea and Japan, and a 25%-40% tariff on several Southeast Asian countries.
Only the European Union has stated that trade negotiations with the United States have made good progress. After this news came out, U.S. stock valuations fell by about 1%, U.S. bonds dropped, and long-term bonds performed particularly weakly.
Previously, U.S. bond yields rose, and everyone went to buy U.S. bonds, which was bearish for the cryptocurrency market. Now, as U.S. bond yields rise, fewer people are buying, and funds are starting to flow into Asian stock markets and BTC, largely accelerated by the U.S. legislation.
ETFs have been continuously flowing in recently, and the market is currently temporarily affected by tariffs.
A big change is about to come. Now that the EU is fine, we mainly need to watch the situation with Japan, South Korea, and China. Personally, I expect that the market makers will not pump the market recently and will definitely wait until all tariff news is finalized before taking action.
Currently, the market is still in a range-bound situation. Personally, I maintain a bullish outlook, just waiting to see how the understanding king operates with this round of tariffs.
