Phyrex
Phyrex|Jun 03, 2025 18:06
The operations in the last two days are not difficult. The main reason is that Trump has not intervened in the market too much these days. In addition to adjusting and increasing tariffs on steel last Friday, it is to continue to maintain communication with China. At present, the market is very familiar with Trump's TACO. As long as Trump threatens the market with tariffs, it will start shorting the S&P 500. If it is fast, the next day will come, and if it is slow, the impact of tariffs will gradually fade after a week. Basically, the more ruthless it is, the shorter it will suspend this tariff scheme. At present, Trump's final adjustment period for equivalent tariffs is on July 8. In the next month, information on tariffs is likely to remain one of the factors influencing market trends, along with the Federal Reserve's monetary policy. Although the data on job vacancies was released today, it does not equal the non farm payroll and unemployment rates, so its impact on the market is not significant. The key is still to look at Friday's unemployment, employment, and wage data. However, for cryptocurrency, I feel that Trump is serious. After the high-profile announcement last week that it has raised 2.3 billion dollars to purchase BTC and other cryptocurrencies, today it seems that Trump Group is preparing to develop cryptocurrency wallets and decentralized transaction applications. The president's fate, on the one hand, can be seen as the United States is really focusing on the development of cryptocurrency, on the other hand, it is likely to indicate the focus of the development of cryptocurrency in the United States. Looking back at the data of Bitcoin, the turnover rate has significantly increased today. After checking the data, it seems that there have been two transfers of BTC on the exchange with a total amount of over 230000 coins, which is likely due to the sorting of the exchange wallet. This situation occurs on average once every quarter and does not affect the price. Therefore, in fact, the price of BTC is still maintaining a narrow range of fluctuations today. Recently, both Trump and the Federal Reserve have reduced their influence on the market. Although many officials of the Federal Reserve expressed their concern about tariffs in their speeches last week, they also told the market that if tariffs are not determined one day, the Federal Reserve will not make a clear answer one day, so the market has adjusted its expectations for interest rate reduction. At present, the probability of interest rate reduction in the third quarter is less than 28%. Although there has been a significant increase in turnover, the range of $93000 to $98000 remains the most stable support. As long as investors in this position do not experience a significant exit, the impact on the price will not be significant. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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