QCP: It is recommended that Trump still need to remain cautious after suspending tariffs, and market focus turns to CPI data tonight

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区块链先知

04-10 17:43

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On April 10, QCP released a daily market observation saying that Trump announced a suspension of tariffs last night, triggering a sharp rise in the market: the S&P 500 rose 9.51% and the Nasdaq soared 12.02%. Bitcoin rose 8.43%, while Ethereum rose 13.38%.

This unexpected policy shift temporarily alleviated market anxiety, and short-term crypto volatility has declined. However, we still recommend being cautious. Continuing to observe selling in May and June indicates that market makers are using the rebound as an opportunity to sell unwanted positions. Still, the move to buy a December $100,000 call option shows the market's optimistic view of Bitcoin breaking through $100,000 again by the end of the year.

Now, the focus is on tonight’s Consumer Price Index (CPI) data, which will help offset inflationary pressures brought about by comprehensive tariffs.

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