Phyrex
Phyrex|Apr 21, 2025 15:24
After the last announcement of tariffs on April 4th Beijing time, Bitcoin also emerged from a situation where it did not fall. However, on April 5th, with China's countermeasures against BTC, it began to decline on Saturday, and the drop was quite severe. A bottom of $75000 was tested once. It is quite rare for BTC to continue to rise instead of following the 2.34% drop in the S&P 500 this time. Especially with the increase in Bitcoin volume, if Bitcoin is now considered a safe haven asset, it is definitely too early. If seeking safe haven, gold is still the best choice. I don't know how long Bitcoin's independent market can last or how much it can rise. However, if there is a systemic bearish trend, such as unfavorable GDP data at the end of the year, it is very likely that BTC will still return to the same level as the United States. In addition, I also think that the possibility of Bitcoin going through a reversal is not very high at present, and the conditions for reversal are still not met. Although I really hope BTC will continue to rise, after all, there are positions available. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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