According to ChainCatcher, a secondary trader mining Little Penguin posted on social platforms that, considering the K-line trend, market structure, and potential policy impacts, he currently maintains a cautious attitude towards the medium-term spot market. There might be a pullback to below the previous low of $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 two rate cuts originally verbally promised for 2025. He also emphasized the need to continuously monitor Trump's policy tendencies during the US stock market adjustment. He believes that if a significant pullback occurs in the second quarter, the market may see a recovery in the third quarter.
