🔥Is it a bull comeback overnight? BTC surged to 95000, are retail investors chasing the price or taking profit? All spot from Qingquan took off this month👇

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The price of Bitcoin has been in a continuous downtrend since January, and the overall market for cryptocurrencies has remained bleak. However, starting last night, BTC rebounded, reaching a peak price of over $95,700, which may signal the beginning of a new long-term upward trend for Bitcoin.
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The current price of BTC is reported at 94,000 USD, with a daily high of 95,750 USD. The entire crypto market is also in sync with the price of Bitcoin, as many cryptocurrencies have recorded double-digit increases. For a moment, the sound of bulls returning has been incessant. What caused the crypto market to suddenly rebound significantly? How will the market trend in the future?
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🔥Is Trump going to drop the tariff stick? Early morning, Trump stated that tariffs on Chinese goods will not reach 145%, and that tariffs will be significantly reduced, but not to zero. When asked if he would take a tough stance against China, he said he would not. Additionally, Treasury Secretary Basant hinted at the loosening of tariff policy during a closed-door meeting at JPMorgan. White House Press Secretary Levitt stated at a press conference that Trump's relationship with China is moving in the right direction.
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Today's market welcomes a day of compromise: Trump seems to have made concessions on trade policy and the issue of Powell's position, leading to a rise in stock index futures; Musk also announced that he would gradually step down from the government efficiency department and return to Tesla's main business. The market is just like this, it will always force you to bow your head and admit defeat.
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The US dollar continues to recover some of yesterday's losses. Meanwhile, the stock market is strengthening and there has been some small buying in bonds. The market is eager to hear good news. Today's good news is that Trump remains silent on trade issues. This may lead some market participants to believe that he is eager to reach a deal, as well as anything that could reverse the market.
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🎉Concerns about the independence of the Federal Reserve in the financial markets. The tension between Trump and Federal Reserve Chairman Powell is escalating. Their differences mainly focus on the inflationary pressures brought about by tariffs and concerns over the Fed's reluctance to cut interest rates, casting a shadow over the US dollar. The dollar index, which tracks the value of the dollar against a basket of currencies, has been falling since February, reaching its lowest point since 2022. Trump's public pressure on Powell, along with speculation that he may attempt to remove Powell or other Fed officials, has heightened concerns about the independence of the Federal Reserve—an essential pillar of the US financial system.
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The potential consequences of the depreciation of the US dollar on the global economy are difficult to predict, but one thing is certain: Bitcoin will be a major beneficiary. It is a decentralized, censorship-resistant currency, entirely governed by code, with a fixed supply schedule and no central authority manipulating its issuance. As people's confidence in traditional currency systems continues to weaken, the narrative around Bitcoin becomes increasingly strong.
If concerns about the independence of the Federal Reserve persist, Bitcoin may rise to historical highs. Due to its decentralized ledger, cryptocurrency serves as a hedge against risks in the existing financial system. This was reflected in U.S. Treasury risks after Trump hinted that he might dismiss Federal Reserve Chairman Powell due to his desire for interest rate cuts. The yield premium for investors buying long-term Treasuries over short-term Treasuries has risen significantly, benefiting Bitcoin.
Bitcoin has decisively broken through months of downward trend, and when the technical downward trend is broken, a technical upward trend will appear.
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🎉Bitcoin's market share has risen to a nearly four-year high. Today, Bitcoin's market share (BTC.D) surged to 64.61%, reaching its highest level since February 2021. The high Bitcoin market share indicates the stagnation of the altcoin market, but it also suggests that a rebound is imminent. According to historical data, when Bitcoin's market share hit 60% last November, altcoins entered a mini bull market. In both 2019 and 2021, Bitcoin's market share reached over 70%, followed by a sweeping bullish trend.
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What is the future trend of BTC? In the long term, the institutional demand for Bitcoin from exchange-traded funds (ETF) and traders seeking to hedge against macroeconomic risks may lead to Bitcoin's price doubling this year. The drivers of institutional demand (including corporate Bitcoin buyers and exchanges) may continue to push positive price trends. However, with the optimism among investors reignited and new hopes for easing tensions in Sino-US trade, the headwinds for Bitcoin's rise still exist and may limit its further increase. If market sentiment weakens, a market correction may occur.
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Due to the pressure on the economy from tariff and policy uncertainties, the U.S. GDP is expected to grow only 0.5% compared to the fourth quarter of 2024. Currently, surveys of businesses and consumers indicate an economic slowdown, but official economic data has not yet shown signs of this.
Economic indicators may start to show a clearer picture of recession in the mid to late summer. The evolution of data in recent weeks is consistent with the previous 'event-driven' slowdown. However, it is still too early to draw strong conclusions from the currently limited data.
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Regarding the dynamics of Sino-U.S. trade, we have seen a shift in the Sino-U.S. trade game from "high-profile confrontation" to "high-pressure negotiations + gradual easing." We are currently still in a very uncertain period, with the market in a state of fluctuation rather than a trend—just volatility, response, and waiting.
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🎉Today's fear index is 72, and the market has turned greedy overnight. Bitcoin has directly surged to 9.5, which is actually a bit unexpected; I didn't think it would touch that overnight. Let's reduce positions at 9.5 for the short term. The US stock market opened high, as did the Japanese and Korean stock markets. Trump can't get old Powell to do anything, and the easing of tariff issues has driven this increase. In fact, the increase isn't that much, but the fear index is strangely high. Let's pocket the profits for the short term and wait until the tariff issues are truly resolved and interest rate cut signals are clear before entering again.
#trump# #alpaca# #sui# #eth# #btc#