View: May reach the range of 71,000-74,000 US dollars in April and May
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Planet Daily News: A second-tier trader, the mining Little Penguin, posted on social platforms stating that based on the K-line trend, market structure, and potential policy impacts, he currently maintains a cautious attitude towards the mid-term spot market. There might be a pullback to below $76,500 in April and May, with an expected range of $71,000-$74,000, and he will look for spot entry positions accordingly. He pointed out that the Federal Reserve is currently cautious and may postpone the previously verbally promised two rate cuts in 2025, and Trump's policy tendencies during the US stock market adjustment also need continuous attention. He believes that if a significant pullback occurs in the second quarter, a recovery market may be expected in the third quarter.
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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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