Viewpoint: The mid-term spot market may reach the range of $71,000 to $74,000 in April and May

ChainCatcher news, a secondary trader mining little penguins posted on social media, stating that based on K-line trends, market structure, and potential policy impacts, they currently hold a cautious attitude towards the mid-term spot market. There is a possibility of a pullback to the previous low of $76,500 in April or May, with an expected range of $71,000 to $74,000, at which point they will look for entry positions in the spot market depending on the situation.

He pointed out that the Federal Reserve is currently becoming cautious, which may delay the previously verbal commitment of two rate cuts in 2025, and Trump's policy tendencies during the adjustment of the U.S. stock market also need to be continuously monitored. He believes that if there is a significant pullback in the second quarter, the third quarter is likely to welcome a recovery trend.