
Phyrex|Apr 30, 2025 20:48
Did today's homework decrease a bit? After all, it's the most agonizing time before the data appears, and once the data is released, it's either positive or negative. However, today's GDP data is slightly more complicated. You can say it's negative. Indeed, the GDP recorded -0.3%, and the overall market sentiment has declined. But you said the US economy is very poor, after all, domestic demand is very stable, and there can still be a 3% increase, which is at the average line.
This time, Trump has almost all the pots of GDP. Tariffs are the culprit that led to the negative value of GDP, so Trump can't sit still. Today, he also said that the current stock market situation is still left by Biden, but it is not important. According to the follow-up trend, the market will not panic too much before Friday. After all, tariffs have been suspended, and the current data is only for the first quarter. The market will react to it, and panic is completely beyond description.
Before the closing, the best evidence is that the US stock market has changed from a decline to a rise. The previous panic about GDP was mainly about the economic recession. But at present, as long as Trump does not play the devil, the confidence of the market is OK. Especially this week or the financial reporting season, if the financial report data is correct, it will add to the market. There will be MSTR's financial report tomorrow. I have linked more than one order at $94000, and I don't know if I can.
PCE's data has not received much attention, as expected by the market. However, it is important to pay attention to the three month wage and consumption data that appeared together. The level of wages has decreased, while consumption has increased, indicating that the current US economy is not very good. Inflation or tariffs have increased people's spending, while income is decreasing. This is not a good sign. If the unemployment rate increases on Friday, the economy may still not be looking good enough.
Looking back at the data of Bitcoin, although the GDP data has caused a slight decrease in the price of BTC, it has not caused any panic. Investors on the chain are still very stable, and the overall turnover rate is even lower than yesterday. It seems that Bitcoin investors have stabilized a lot, and the main turnover is concentrated among short-term profitable investors.
From the current support situation, the structure between $81000 and $88000 is continuing to be disrupted, and it is estimated that it will be difficult to form support at this position next week. On the contrary, the support between $93000 and $98000 is still very strong and stable.
Overall, because today's GDP and PCE data did not cause too much panic, the market should be able to recover in the short term. Next is Friday's non farm payroll data.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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