QCP: Long-term sentiment in the crypto market is becoming more positive, and Bitcoin may continue to move sideways in the near term

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ODAILY
04-14
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Planet News: QCP stated that after a week of tariff edge policy, risk assets began to stabilize, escaping potential barriers that could have severely impacted Sino-US trade. The United States imposed tariffs of up to 145% on Chinese imported goods, with China retaliating with 125% tariffs, escalating to a point where market expectations of further increases are no longer surprising. These tariffs are more symbolic in scale rather than market-driven, in stark contrast to the panic caused in the early "Liberation Day" period. After Friday's closing, the Trump administration quietly exempted smartphones, computers, and chips from the latest tariffs. Despite the ongoing stalemate, risk assets are pricing in optimistic sentiment, even as the United States seems to be negotiating not only with China but also with the bond market and itself. In the crypto market, BTC's risk reversal remained skewed towards put options until June, indicating short-term market caution. However, long-term sentiment is becoming more positive. On Saturday, we observed an aggressive buy of 800 BTC-27MAR26-100k-C. Bitcoin continues to consolidate in the $80,000 to $90,000 range, potentially continuing to sideways trade, adopting a "wait and see" strategy regarding the tariff situation.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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