#Will BTC Hit a New High?#
BTC has broken past $100,000 and is now consolidating near its peak. What’s your outlook on the next move? With bullish sentiment on the rise, could BTC reach a new all-time high?
#Crypto Market Rebounds#
The crypto market is rallying across the board — altcoins are gaining momentum, and Memecoins are heating up! 🔥MOODENG is up over 100%, while PNUT and VIRTUAL have each gained more than 45%. The total crypto market cap has now exceeded $3.22 trillion!
What’s next for the market? Which rebound tokens are you most bullish on?
Post your insights and trading strategie
News came out last night that Trump was considering suspending tariffs for 90 days to exclude China. Affected by the news, U.S. stocks rose rapidly, with the Dow up more than 2%, the S&P 500 up 2.8%, and the Nasdaq up 3.5%. Bitcoin returned to $81,000, and WTI crude oil futures rose 3%. However, the market is always unpredictable. It didn't take long for White House officials to reveal to CNBC that they were unaware of any such plans to suspend tariffs. This rumor-refuting news is like a basin of cold water, which instantly extinguishes the enthusiasm of the market. The S&P 500 lost $2 trillion in 10 minutes, and U.S. stocks moved $7 trillion in 30 minutes. One second the bull returns, the next second plummets. In just ten minutes, a fake news, a refutation of rumors; Fake news can manipulate the stock market, and the world is a huge grass platform. In addition, Trump said last night that he would impose an additional 50% tariff on my country, and if we do not remove the 34% reciprocal tariff today, then the United States will adopt a more aggressive tariff policy tomorrow. The news has completely manipulated the rise and fall of the global financial market, and the most fatal thing is that we don't know if there is a follow-up;
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A single piece of news brought bitcoin to almost $81,000. This shows that there is still money in the market, and it also shows that the market expects a rebound, and even now, although the news has been proved to be false, the price of bitcoin is still relatively stronger. The current short-term market may be useless in macro, technology, and data, and the probability of being driven by events is the largest. This situation is very similar to the situation of BlackRock's Bitcoin spot ETF in 2023, which is the wrong news first, but the market is still enthusiastic. The difficulty of April is not mainly because of the unilateral market, but because there is too much uncertainty, the uncertainty of tariffs, the uncertainty of the Federal Reserve, the uncertainty of the economy, and the uncertainty of Trump, which will make it more difficult for the market to trade.
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The morning bitcoin short single idea has now cashed out 1500 points of space, the current currency price to maintain around 79200 consolidation, for the time being, there is no obvious strong rebound signal, there is a morning to keep up with the idea of empty, you can appropriately reduce the position, leaving part of the bottom position to continue to hold the next look. Short-term into the shock repair stage, in the 4-hour chart, the rebound pressure in the middle of the rail, the short-term stepping on the strength also has signs of gradual weakening, up and down the rhythm of no continuation, the possibility of short-term repetition will increase, but in view of the general trend structure is still in the bear, it is recommended that the main short auxiliary more short-term main. In terms of ether, the resistance rebound is not strong, the current continues to consolidate near 1560, the morning rebound 1617 line after the pressure to fall back, the current currency price is below the 100-hour simple moving average, forming a connection bearish trend line, it is expected that there will be a further step back in the short term, but the current step back is not very strong, so the idea is still the main short auxiliary more treatment.