QCP: Suggests Trump Maintain Caution Even After Tariff Pause, Market Focus Shifts to Tonight's CPI Data

BlockBeats News, April 10th, QCP released its daily market observation, stating that Trump announced last night the suspension of tariff policies, triggering a significant market rally: the S&P 500 index rose by 9.51%, and the Nasdaq index surged by 12.02%. Bitcoin saw an increase of 8.43%, while Ethereum rose by 13.38%.

This unexpected policy shift temporarily relieved market anxiety, and the short-term cryptocurrency volatility has decreased. However, we still recommend caution. Continued observation of selling pressure in May and June indicates that market makers are taking advantage of this rebound to sell off unwanted positions. Nevertheless, the move to purchase 10,000 call options at $12,000 expiring in December suggests market optimism for Bitcoin to retest $100,000 by the end of this year.

Today, the focus is on the Consumer Price Index (CPI) data tonight. A weak CPI reading would help offset the inflationary pressure brought by the comprehensive tariff policy.