QCP Capital Analysis pointed out that Trump’s announcement of a 25% tariff on steel and aluminum triggered a brief market volatility. BTC once fell to US$95,000 and then rebounded. The overall sentiment was obviously driven. Markets are focused on the upcoming Powell testimony and CPI data. Trump hinted that sanctions might be imposed on Japan, raising trade tensions again. The volatility of BTC options continues to tilt towards bearish and is expected to lack a catalyst for growth before April. The market is forming a feedback loop, and Trump is highly sensitive to market reactions, while the market is constantly testing its policy bottom line or exacerbating future volatility.
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