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Tonight at 20:00, Trump will be interviewed by CNBC's "Squawk Box," focusing on topics such as the economy, employment, and Fed policies. In light of the previous fake non-farm payrolls data scandal and his swift dismissal of relevant high-level officials, Trump still harbors concerns about data distortion. Since he is still in office, it is possible that he will once again pressure the Fed tonight and mention the possibility of interest rate cuts. The market needs to closely follow his attitude towards monetary policy; if he releases signals of easing, it may be favourable information for risk assets in the short-term. Brothers, pay attention! The blonde is about to speak! No matter what he says, the market will tremble three times.
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Recent news has focused on the exhausting "new tariff proposal." More than 66 countries have been listed as potential targets for increased tariffs—it's the same old trick. Each time feels like a "replay of the old script," even giving the impression of "manipulating the market." However, the U.S. government clearly will not risk an economic recession just for these tariffs. The market corrections triggered by such operations are nothing new to us. Retail investors often view such news as significant negative information and overreact. Just think about how many times similar tariff threats have been announced? And how many times has the market reached new highs afterward? Therefore, there is no need to worry too much; this is already a well-worn topic.
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Bitcoin entered a consolidation phase during the afternoon today, followed by a quick downward probe, with the lowest point touching the 1136100 line, forming a "pin bar" pattern. It then quickly rebounded, recovering to around 114800, with bullish momentum showing strong release characteristics after the bottom probing. Ethereum started to oscillate and decline after testing the 3735 line high in the early morning, dropping to around 3600 in the afternoon before rebounding slightly to 3692. After the afternoon pin bar, the market quickly exited the downward track area and is now steadily approaching the middle track, forming a rhythm of "downward track support → exiting the weak range → repairing towards the middle track." From the hourly Boll structure perspective, the current channel is in a clear widening phase, with the long and short battle entering an active period. There is still room for bullish extension in the evening session!