Trading time: Trump's "golden words" pushed gold to break $3,380, and $66,000-67,000 was considered the concentrated stop loss area for short orders of Bitcoin

1. Market Observation

Keywords: MAGIC, ETH, BTC

Trump made remarks on social media this morning, stating "those who own gold make the rules," which may have influenced spot gold to continue rising after opening today, breaking through $3,380 per ounce for the first time. New York gold futures are at $3,375.9 per ounce, with many gold jewelry brands' gold prices also rising, approaching 1,040 yuan per gram. Meanwhile, in the crypto asset realm, TreasureDAO officially pivoted to the AI agent companion track after announcing the end of game operations and Treasure Chain, initially integrating with the SMOL series. Its ecosystem token MAGIC rose over 2x during the weekend.

Recently, Bitcoin price has been fluctuating between $83,000 and $86,000, with neither bulls nor bears completely controlling market trends. Although Bitcoin has maintained support at $83,000, bulls have yet to reclaim key moving averages. Failure to hold this level could trigger a new round of selling, potentially pushing prices below $80,000. Greeks.live macro researcher Adam noted that BTC's critical price zone is between $66,000-$67,000, which many traders consider a concentrated short liquidation area. Both 21Shares and economist Timothy Peterson predict Bitcoin could reach around $138,000 by the end of 2025, while "Rich Dad Poor Dad" author Robert Kiyosaki believes Bitcoin will reach $180,000-$200,000 in 2025. Simultaneously, Swiss bank Sygnum indicates that Altcoins may rebound in Q2 2025 with improved digital asset regulation and user engagement. Macro economist Lyn Alden remains relatively cautious, lowering Bitcoin price predictions to above $85,000 in 2025 and suggesting that "massive liquidity unlocking" might be the needed catalyst.

Charles Schwab's new CEO Rick Wurster revealed the company plans to launch direct spot cryptocurrency trading services within the next 12 months. He stated that as the regulatory environment continues to improve, crypto trading services will become a "necessary choice" for major brokerage firms. Statistics show that currently, 9 Altcoins and 4 MEME tokens have submitted spot ETF applications, with SOL and XRP being the most popular, having 6 and 10 institutional applications respectively. Among Altcoins that have submitted spot ETF applications, SOL, XRP, LTC, ADA, and SUI are called "US coins", while AVAX, APT, MOVE, and TRX belong to WLFI's portfolio.

On the macro front, the US dollar index fell below 99, the first time since April 2022, dropping 0.57% intraday. Goldman Sachs hedge fund business head Tony Pasquariello analyzed in a recent report that global capital flows are becoming a market focus, providing three logics for a significant dollar decline: the dollar is overvalued by about 20%; US "exceptionalism" is threatened by tariff policies that will put massive pressure on corporate profits and household purchasing power; the current situation is more like Brexit than the first trade war, representing a US confrontation with the world, making the forex market a focal point. Goldman also noted that post-global financial crisis, the US has over $2.2 trillion in unhedged dollar overallocation, which will take time to unwind. Currently, Eurozone investors are selling US stocks, while other regions continue steadily purchasing US assets.

2. Key Data (as of April 21, 12:00 HKT)