
Phyrex|Apr 20, 2025 19:18
On the last day of the weekend, we had a very rich day, almost relaxing the whole day, and today's homework was not difficult. Although it was a little volatile, it was normal at the weekend. The focus was on the trend of the US stock market after the opening on Monday night, but there was no important data next week. Trump's tariffs and the US economy were still the dominant market.
In fact, the tariff is almost there. How to implement the market has gradually lost its temper. Because the economic problem is imminent, the GDP of the first quarter of 2025 will be announced next week. After this data comes out, it can basically guide whether the trade will decline. However, it is inevitable that the U.S. economy is not optimistic at present, and there are not many options left for Trump at this time.
In addition, there will be an intensive financial reporting season starting next week. In particular, TSLA and Alphabet among the seven sisters of the US stock market will be announced on Tuesday and Thursday respectively, which may have some impact on the market. A week later, the other four branches except NVDA will announce their financial reports. At that time, there will also be MSTR and COIN's financial reports, well, GDP.
Next week will still be slightly easier, but the difficulty will increase next week.
Looking back at Bitcoin's data, the last day of the weekend was not just a low traffic day, but also the lowest turnover day in recent years. Within 24 hours, only 16000 BTC had address changes on the chain, which is even lower than the bear market at the end of 2022 when BTC was only around $17000, and now it is around $85000.
Of course, this does not mean that the current market is as bearish as it was back then, but rather that for most investors, the current prices have completely lost interest in trading, neither buying nor selling. For those who have free time, you can check out the top trending tweets, which contain data on BTC contracts that have not been tied in the past week, which are also very low.
This indicates that including contract investors, they are not very clear about the next direction of choice, but choose to adopt a wait-and-see approach. The support level has not changed naturally. Investors with a median of $83000 have accumulated more and more, while chips between $93000 and $98000 are still the highest gathering position. As long as investors in these two positions do not panic and leave, the pressure on BTC will not be very high.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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