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Good evening everyone, I am your Da Bin teacher! Starting from Tuesday night, we saw that the bull market of the big pie was slowly returning, with main funds pouring into the market and ETFs finally not experiencing the net outflows of last week. This week, it gradually returned to the state of November last year, and then Trump announced that he would significantly reduce the current 145% tariffs on China, but would not completely cancel them. The White House is actively paving the way for a US China agreement, and Treasury Secretary Besson expects the trade war to gradually 'cool down'. The Trump team has received proposals for trade negotiations from 18 countries and warned that if there is no agreement after the 90 day suspension period, further measures will be taken. On April 23rd, the price of Bitcoin rose above $93000, reaching a recent high. QCP Capital analysts point out that global safe haven demand is driving capital flows towards Bitcoin and gold, and investors are withdrawing from US dollar risk assets. The US spot Bitcoin ETF has rebounded, with capital inflows further boosting price momentum.
On Monday, although ETH still rose under the influence of BTC, investors in ETH spot ETFs did not see any signs of price increase. BTC showed good purchasing power, but ETH only sold and decreased, but there was still no net inflow data, which still indicates that investors are very pessimistic about the short-term trend of ETH at present. So even when the price of ETH rises, most traditional investors will only focus their attention and funds on BTC, and they are almost completely disappointed with ETH. Recently, the purchasing power of ETH in spot ETFs has been dismal.
Operation suggestion:
BTC 91000 is the first target to view, 92500 is the second target to view, 94000 is the second target
ETH 1720 in the first target view 1800 in the second target view 1830
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.