JiaMiYing
JiaMiYing|Apr 10, 2025 08:49
BTC: As of April 10, 2025, the current price of BTC is $81500; At the daily level, a "bullish candlestick" has closed, with significantly increased trading volume, indicating a significant increase in multi-party strength. On chain data showed a net outflow of 1667 US spot Bitcoin ETFs (worth $127 million) yesterday, reflecting cautious institutional sentiment and continued selling pressure. However, the concentration of chips below $82000 has accelerated, forming initial stage bottom support, and some players have turned to long-term holdings, indicating a recovery in market confidence. At the macro level, Trump's tariff policy adjustment has brought a 90 day buffer period to the market, and risk appetite has rebounded. However, the minutes of the Federal Reserve meeting indicate that the expectation of interest rate cuts is low, and economic data for May and June will be key. Overall, there is still room for Bitcoin to rise in the short term, but currently it is more of a rebound nature. At this stage, if there is a rebound, it will be closed as soon as possible. That's definitely right! The reversal conditions are not yet mature. Although player emotions have improved, early holders are still mainly observing and waiting, and the market still needs more catalysts to break the deadlock. The market in April is destined not to be one-sided, and event driven will become the main theme. The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.
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