The GDP data released today shows that the United States recorded -0 in the first quarter.

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Phyrex
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4 hours ago

The GDP data released today shows that the United States recorded a negative growth of -0.3% in the first quarter. On the surface, this seems bearish, but a closer look reveals that domestic demand remains robust, with growth close to 3%, indicating that the U.S. economy has not experienced a systemic decline. The downward trend in GDP is mainly due to the impact of Trump's tariff policies.

Although the market experienced a pullback shortly after the data was released, it quickly rebounded, showing that investor sentiment is stable and panic has not spread. Looking at the $94,000 long position during the day for potential gains.

Regarding Bitcoin, on-chain data shows that the investor structure is solid, with a low turnover rate in the short term, and the main support level is concentrated in the $93,000 to $98,000 range. Overall, as long as Trump does not further escalate policies and this week's earnings reports perform well, the market is expected to maintain a recovery pace in the short term, with the focus shifting to Friday's non-farm payroll data.

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