The market price of #加密市场反弹# has risen, but it is clearly following the US stock market and there is still no independent favourable information to change the current encryption environment. Macroeconomically, there is data to be released at the end of the month. When the big trend arrives, it will definitely be a time when the macro situation improves. Do not chase the price; it is important to view this wave of movement rationally. Trump's reduction of tariffs on China is merely a relaxation.

The market share of Bitcoin has reached a new high since February 2021. When the market share of Bitcoin increases, it often means a greater possibility of a widespread rise in other coins. Currently, this data can only be viewed as a rebound trend and cannot be considered a reversal signal. Altcoins have been in decline for nearly half a year, with many bn listed altcoins having a market value of only tens of millions of dollars, or even just a few million dollars. In the past two days, they have begun to stop falling and rebound, with only a small portion of altcoins experiencing several times the rise, while most have still undergone a correction after a spike.
In fact, this wide range fluctuation is more like an emotional recovery rebound after a sharp decline! The key points to pay attention to next week will be on Wednesday, when the first quarter GDP and core PCE price index are released. One data point can determine the market's view on recession expectations, while the other is a key data point for inflation. If the first quarter GDP is significantly lower than expected, it will inevitably raise concerns about a recession, which will certainly lead to a market collapse. Additionally, the core PCE price index is a major data point for assessing inflation and should not be overlooked, as it will directly influence the Federal Reserve's actions in the May interest rate meeting. Therefore, in the short term, there are no conditions for a reversal. Long-term, as long as there are no recession expectations, and rate cut expectations dominate the main speculative points, the second half of the year is still relatively promising, directly bringing liquidity through rate cuts and balance sheet reduction.
Although there is no reversal, the market is slowly emerging from the gloom, focusing on profiting from short-term rebounds.