Market Overview
Trump's tariffs "give some leeway," three major U.S. stock indices rebound over 1% with Microsoft rising over 3%, leading the Dow; automobile giants surge, Stellantis shares up over 9%, General Motors up over 7%, and Ford up nearly 6%.
Chinese stocks soar, the Chinese stock index closes up over 6%, reaching a five-month high, Alibaba rises nearly 9%, Xpeng Motors up over 7%, and Pinduoduo up 6%. The offshore yuan rises over 400 points during the day, breaking through 7.23.
Germany's "historic" fiscal expansion is approaching, European stocks rebound, with the German stock index up over 3%; German government bonds post their worst performance since 1990, the yield on ten-year German bonds surges by 30 basis points; the euro rises over 1% to a four-month high, driving the dollar sharply down, with the dollar index falling over 1% to its largest drop in six weeks. The U.S. temporarily exempts auto tariffs, and the Canadian dollar hits a daily high.
Bitcoin briefly rises over $4,000, approaching the $91,000 mark. Oil falls for four consecutive days, hitting a nearly six-month low, with U.S. oil dropping over 4%; gold rises for three consecutive days, reaching a one-week high; copper rises over 2% to a six-week high.
Market Review:
Yesterday, the market continued the rebound from the previous trading day, testing 81,700, maintaining a one-sided upward trend on the four-hour chart. As anticipated in the previous article, the intraday volatility narrowed to 5,000 points, ranging from 86,000 to 91,000. The daily close formed a bullish candle with a slightly longer lower shadow than the upper shadow. The theoretical range is 5,000 points, and during the intraday session, prices did not drop below 87,400. As shown in the chart, there is support around 87,200. The European and American sessions mainly saw range-bound fluctuations, oscillating between 87,000 and 90,200 throughout the night.
Overall, yesterday's range-bound movement leaned towards a strong oscillation, especially with the positive expectations for tomorrow's Trump White House crypto meeting, similar to the expectations before Trump took office. What was the market reaction before and after Trump took office?
Market Outlook:
As shown in the Bitcoin daily chart, the issues of expected benefits and realization are causing the market to jump between repeated news!
How should we view the intraday situation? Let the chart speak! Below 92,000, although there was a short-term rebound confirming the previous test of 81,700, the larger daily cycle remains weak below 92,000. If the short-term strength extends to the larger cycle, how strong can that really be?
Looking forward to the continuation of the larger cycle's bearish trend, anticipating a grim market after the expectations are realized. Don't let the spot market's rise over two days lead to complacency; with various news flying around, ensure proper risk control amidst significant volatility!
For other cryptocurrencies, refer to the BTC trend analysis. There are too many cryptocurrencies to analyze one by one.
With large fluctuations and rapid market changes, for more real-time price alerts and strategies, please pay attention to real-time updates!
Stay calm and composed!
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The above analysis and predictions are merely the personal probabilistic forecasts and judgments of the navigator regarding the market. Speculation carries risks; proceed with caution!
2025.3.6 Crypto Navigator
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