QCP: US stocks and crypto markets rebounded in the short term, but the escalation of Sino-US trade tensions may become a "bull market trap"

Mars Finance News: QCP Capital noted in its latest market brief that US stocks and crypto markets rebounded sharply after Trump announced "pausing tariff increases and imposing a 10% reciprocal tariff on all countries except China", with Nasdaq rising 12.02%, S&P 500 rising 9.51%, BTC rising 8.43%, ETH rising 13.38%, and triggering $75 million in crypto short liquidations within 1 hour. However, QCP warns that this "Make America Wealthy Again" policy shift appears more like a temporary easing, with the "China exception" policy potentially escalating the US-China trade war and continuing to pressure Chinese assets. The RMB exchange rate has fallen to an 18-year low, with markets awaiting Beijing's potential strong retaliation. If China escalates its response, the current rebound could turn into a "bull market trap". Additionally, QCP points out that despite short-term sentiment improvement, the market remains cautious about upward movements in May and June, with sellers continuing to reduce positions during the rebound. Meanwhile, some investors are betting on BTC returning to $100,000 by year-end, with active December option purchases. Tonight's upcoming US CPI data will be the next market focus, and lower-than-expected figures might alleviate inflation concerns triggered by tariffs.