#TRUMP recent rally in the market can be traced back to the news that Trump announced a temporary exemption from tariffs on some electronic products. At first, the market was full of hope, hoping to take advantage of this favorable policy to drive the market up sharply. However, the reality is very disappointing, and the disconnection between Trump and the Secretary of Commerce in the pace of policy promotion is like a cold wind blowing, which instantly cools the enthusiasm of the market. From Trump's standpoint, he is likely to intend to remove the tariffs in the short term. This decision has a number of considerations, on the one hand, it can stabilize market sentiment, lower the 10-year interest rate, and thus reduce the risk of recession; On the other hand, it can also prevent the continued deterioration of relations with Wall Street. However, the Commerce Secretary's preemptive move to prematurely disclose plans that should have been carried out in secret has left the market confused and investors at a loss as to what to do.


==================================
💎
💎
==================================
Bitcoin's 4-hour chart holds the stable trend line above the rebound, and is currently back to the middle track near the shock operation, the short-term is to break the weak callback pattern, into the 86000-83000 wide range of shocks, the short-term does not break yesterday's low point is considered to be the bulls' momentum to rise in preparation. In terms of operation, it is necessary to adjust the thinking in time in combination with the form, and the volatile market seems to be strong, but the space continues to be insufficient. Dogongs switch frequently. The 1-hour chart came out of a wave of oscillating upward movement, and the short-term initial start stabilized above 83000. Whether it can further break high is the key to the continuation of the space, and it is not ruled out that the price will enter a contraction shock at the beginning of the week. Look at the space as you walk.
==================================
💎
💎
==================================
Ethereum's net inflow today surpassed Bitcoin for the first time, and the price of the currency rose to a high point of 1691 in the afternoon, if it can continue to remain above 1650-1680 in the short term, then there is a possibility of a shock upward test of the higher 1720-1750 pressure level, so in the short-term thinking, the line is mainly on dips, and then consider the backhand retracement correction when it hits the key pressure concentration area to give signs of pressure.
TRUMP2,19%
BTC2,39%
ETH2,1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)