Bitunix analyst: The US dollar and US bonds have fallen out of favor, and BTC inflows will focus on the 94K pressure level in the short term, and the retracement support level will be 88.5K

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On April 25th, influenced by Trump's trade protectionist policies, market risk-averse patterns changed, challenging the status of the US dollar and US debt, with funds shifting towards gold and crypto assets. Gold prices rose to a historic high of $3,500 per ounce, and the BTC ETF continues to attract ongoing capital inflows, with BTC accumulating a 13% increase since April.

Bitunix analysts suggest that while gold is the primary hedge, its price is already at a high level and requires cautious assessment of allocation space; crypto assets may benefit from the reallocation of hedging funds. In the short term, if BTC fails to effectively break through the $94K resistance, it may retest the $88.5K support. Investors are advised to pay attention to market news changes, enhance risk management capabilities, and avoid over-concentration of asset allocation.

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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