
Phyrex|Apr 21, 2025 19:49
To be honest, the difficulty of today's assignment has significantly increased. If Bitcoin and the US stock market move in and out at the same time, it would be easier to write this assignment. However, BTC's trend today is still good, and it can even be considered as a temporary independent market. Although it is uncertain how long it can last, it does provide some emotional support for BTC and cryptocurrency investors.
Before Trump bombarded Powell today, the trend of American stock market was not very good. After all, there were a lot of voices that were not conducive to the economy from the beginning of this morning. After the opening of American stock market, Trump's article cooled investors' mood from head to toe. One was the political leader, the other was the economic leader. Trump's direct tearing of Powell would increase the uncertainty of the market.
What investors are worried about is uncertainty. Even Trump himself said today that if the Federal Reserve does not cut interest rates, the U.S. economy may fall into recession due to "trade war". It's a shame to blame Powell. After all, who brought the trade war?
If we can wait for the U.S. economy to become more stable, at least we will consider after the first quarter's GDP, or gradually consider the issue of tariffs, and the risk market will not continue to fall like this. On the contrary, the current tariffs and Trump have not changed except in China before taking office. Of course, we also talked with our partners today. This does not exclude that it is a compliance test of Trump to screen out who is the obedient partner and who is the right partner for Trump. Maybe this will help Trump's next policy.
Perhaps, but from now on, even without tariff policies, there are already expectations of a downturn in the US economy, let alone what will happen after tariffs.
For Bitcoin, although BTC's support has always been very stable from a structural perspective, it is difficult for BTC to break out of a completely independent market. In the absence of systematic bearish conditions, the structure of the chips may still be able to withstand it. However, if there is really an economic recession or recession expectations, BTC is likely to be highly unified with the US stock market.
As the US stock market is about to close, the decline in the US stock market has slightly contracted, which has driven the price of BTC back above $87000. BTC's stability is still strong, but the trend of US bonds is not good. The 10-year US bond is approaching 4.5%, while the 20-year and 30-year US bonds are getting closer to 5%. The sentiment of the risk market is already very poor, and it is not daring to continue chasing BTC. Let's take a look first.
However, from the supporting data, the range of $81500 to $86500 is still a very good bottom line, especially the single highest price of $84500 has not been destroyed with the rise of the price, but there are indeed signs of some short-term investors leaving. Investors between $93000 and $98000 still maintain a very stable state, and the ups and downs seem to have nothing to do with them.
Let's wait and see for another day tomorrow.
Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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