QCP 资本分析指出，特朗普宣布对钢铁和铝征收 25% 关税，引发市场短暂波动，BTC 一度跌至 95,000 美元后反弹，整体情绪驱动明显。市场关注即将到来的鲍威尔证词和 CPI 数据。特朗普暗示可能对日本实施制裁，令贸易紧张局势再度升温。BTC 期权波动率持续向看跌倾斜，预计 4 月前缺乏上涨催化剂。市场正在形成反馈循环，特朗普对市场反应高度敏感，而市场则在不断试探其政策底线，或加剧未来波动性...

<div>QCP 资本分析指出，特朗普宣布对钢铁和铝征收 25% 关税，引发市场短暂波动，BTC 一度跌至 95,000 美元后反弹，整体情绪驱动明显。市场关注即将到来的鲍威尔证词和 CPI 数据。特朗普暗示可能对日本实施制裁，令贸易紧张局势再度升温。BTC 期权波动率持续向看跌倾斜，预计 4 月前缺乏上涨催化剂。市场正在形成反馈循环，特朗普对市场反应高度敏感，而市场则在不断试探其政策底线，或加剧未来波动性。<br><br></div>

QCP：特朗普新关税引发市场波动，期权偏向看跌

The QCP Capital analysis pointed out that Trump's announcement of a 25% tariff on steel and aluminum caused a brief market fluctuation, with BTC briefly falling to $95,000 before rebounding, with the overall sentiment being clearly driven. The market is focusing on the upcoming Powell testimony and CPI data. Trump hinted at the possibility of imposing sanctions on Japan, further escalating trade tensions. BTC option volatility continues to be skewed to the downside, and there is expected to be a lack of upward catalysts before April. The market is forming a feedback loop, with Trump highly sensitive to market reactions, while the market is constantly testing the policy bottom line, which may exacerbate future volatility.

<div>QCP Capital analysis pointed out that Trump's announcement of a 25% tariff on steel and aluminum caused a brief market fluctuation, with BTC once falling to $95,000 before rebounding, with the overall sentiment being clearly driven. The market is focusing on the upcoming Powell testimony and CPI data. Trump hinted at the possibility of imposing sanctions on Japan, causing trade tensions to escalate again. BTC option volatility continues to tilt bearish, and there is expected to be a lack of upward catalysts before April. The market is forming a feedback loop, with Trump highly sensitive to market reactions, and the market constantly testing the policy bottom line, which may exacerbate future volatility.<br><br></div>

QCP: Trump's new tariffs cause market volatility, options are bearish

<Bitcoins rebound after the plunge>
<Major economic events this week>
<$220 million in liquidations in the past 24 hours>
U.S. President Trump and visiting Japanese Prime Minister Shinzo Abe stated at a joint press conference last weekend that they will announce actions this week to impose "reciprocal tariffs" on several countries, causing Bitcoin prices to surge and then plummet.
And on Sunday (9th), when he was on Air Force One to attend the NFL's annual Super Bowl championship game, he announced that starting on the 10th local time, he will impose a 25% tariff on all steel and aluminum products imported into the United States, including from Canada and Mexico...

Bitcoin plunged to $94,700 before a U-turn. Trump announced that he would impose a 25% tariff on all imported steel and aluminum starting on the 10th.

Here is the English translation, with <> tags preserved:

PANews February 9 news, over the past week, concerns about the trade war have been lingering in the minds of global investors, and Trump's erratic behavior has exacerbated market volatility. At the same time, the latest non-farm data and the University of Michigan consumer survey have further clouded the prospect of interest rate cuts by the Federal Reserve. Trump will hardly give the market a chance to blink in the coming week, and further news on his tariff plan will continue to attract close attention. In addition, US inflation data and Fed Chair Powell's trip to Capitol Hill may be key to the near-term outlook for US rate cuts. The key points that the market will focus on in the coming week are as follows:

Monday 22:00, ECB President Lagarde participates in a plenary debate on the ECB's 2023 Annual Report
Tuesday 0:00, US NY Fed 1-year inflation expectation for January
Tuesday 21:50, Cleveland Fed President Mester speaks on the economic outlook
Tuesday 23:00, Fed Chair Powell testifies at a Senate hearing and delivers the semi-annual monetary policy testimony
Wednesday 4:30, FOMC permanent voter, NY Fed President Williams speaks
Wednesday 21:30, US January CPI, core CPI
Wednesday 23:00, Fed Chair Powell testifies on semi-annual monetary policy at the House Financial Services Committee
Thursday 1:00, 2027 FOMC voter, Atlanta Fed President Bostic speaks on the economic outlook
Thursday 21:30, US initial jobless claims for the week ending February 8
Thursday 21:30, US January PPI YoY, MoM
Friday 21:30, US January retail sales MoM
Friday 22:15, US January industrial production MoM

Several Wall Street analysts warn that due to seasonal factors, January is traditionally a more challenging time for forecasting CPI, which increases the potential for market volatility around the data release. According to the Cleveland Fed's Inflation Nowcasting indicator, the overall CPI YoY growth rate is expected to be 2.85% in January, and the core CPI YoY growth rate is expected to be 3.13%, only slightly slower than the previous month. This should reinforce market expectations that the Fed will keep rates steady at the March meeting.

Next week's macro outlook: Trump barely gives the market a chance to blink

Here is the English translation:

On February 10, the US January non-farm data was mixed, with the monthly job additions lower than market expectations, but the decline in the unemployment rate and strong wage growth indicating a still healthy labor market, which did not give the Federal Reserve more room for rate cuts. At the same time, Trump announced that he would unveil "reciprocal tariffs" on other countries this week, once again shaking the market.

According to 4E monitoring, the US stocks rebounded for three consecutive days last week, but retreated across the board on Friday, dragging the major indices down for two consecutive weeks. The S&P 500 index fell 0.24% last week, the Dow fell 0.54%, and the Nasdaq fell 0.53%. Among the large-cap tech stocks, only Nvidia and Meta rose last week, while Tesla fell 10.62%, its worst weekly performance since October last year.

The cryptocurrency market continued to fluctuate downward. Trump's tariff policy increased market uncertainty and risk aversion sentiment, causing Bitcoin to experience a significant correction and lack of rebound strength, currently fluctuating around $96,000, down more than 4% over the past week. Affected by Bitcoin, Ethereum and a host of <Altcoins> generally plummeted, with a large number of investors actively or passively exiting the market during the decline. The previously closely watched AI and <MEME> sectors have become the hardest hit in this round of decline. However, amid the market decline, institutional capital continued to flow in, with a net inflow of $200 million into Bitcoin spot ETFs and $420 million into Ethereum spot ETFs last week.

In the foreign exchange and commodity markets, the US dollar index fell in a volatile manner last week, although it rebounded slightly on Friday due to the non-farm data and Trump's tariff remarks, but still fell 0.33% for the whole week; market concerns about a potential trade war may weaken oil demand, with US crude oil falling more than 2% last week. At the same time, the escalation of the trade war has driven the demand for safe-haven gold, with spot gold rising more than 2% last week.

Trump's recent tariff policy and the reactions of various countries have dominated the current market trend. Market uncertainty has led to a cautious and wait-and-see attitude towards a series of risk events. eeee.com, as a financial trading platform that supports cryptocurrencies, stock indices, bulk gold, foreign exchange and other assets, has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.