
Phyrex|May 01, 2025 12:29
In the morning, I was still talking about this matter. BTC is still in the support area between $93000 and $98000. The decline in almost March and April is due to the tariff of Trump. Now after the tariff has been reduced by the expected power, the impact of tariff has been eliminated, which also shows that Bitcoin is more flexible than the US stock market.
From the chart, it can be seen that BTC has returned to its price around February 25th, while the gap between the S&P 500 is still significant. If the US stock market continues to recover, BTC may continue to rebound. Yes, I still believe that this is a rebound based on macro repair, rather than a complete reversal.
The reversal still needs to wait for the recovery of liquidity, especially from the trading volume. Even if the price of BTC rises, the trading volume is still low, and pulling up the market does not bring obvious volume increase. In this situation, if there is negative information, it will still be relatively fragile.
Pay more attention to tomorrow's non farm payroll data.
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