Trading time: Risk assets rebound after Trump "shows weakness"; Standard Chartered Bank and Arthur Hayes are optimistic about BTC hitting $200,000

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04-23
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Trading Moment: Trump's 'Weakness' Leads to ReBound Assets; Standard Chartered Bank and Arthur Hayes Bullish on BTC Hitting $200,000

1. Market Observation

Keywords: Trump, ETH, BTC

Trump recently stated that he has no intention of firing Federal Federal Reserve Chairman Powell and acknowledged that tariffs on Chinese exports are too high, suggesting a significant reduction in tax rates. Meanwhile, geopolitical tensions have shown signs of easing, with Putin proposing to stop the offensive against Ukraine on the current front as part of efforts to reach a peace agreement with Trump. These easing signals directly impacted safe-haven assets, with spot gold dropping dropping about $160 from yesterday's high of $3,500, currently priced at $3,339 per ounce.

Crypto assets saw a significant rebound reBitcoin broke through the $90,000,000key resistance level yesterday yesterday and rose above $94,000 this morning, its market cap now surpassing silver and Amazon, ranking sixth globally in asset market value. 10x Research points out the the current key resistance zone is between $94,000 and $95,000, while Greeks.live community traders believe Bitcoin's next target target after breaking $90,000 will be $93,000-$100,000. More cautious observers are for potential pullbacks, expecting possible retests at $84,000 or $74,000 levels before significant rises. Additionally, Cantor Fitzgerald, led by Brandon Lutnick (son of US Commerce Secretary Howard Lutnick), is collaborating with multiple institutions to build a multi-billion-dollar Bitcoin acquisition platform, becoming another powerful buyer of Bitcoin.

Moreover, Arthur Hayes remains optimistic about Bitcoin's future,cast, believing it will break free from its correlation with tech stocks and return to being a market safe-haven asset alongside gold. He anticipates Bitcoin could climb to $200,000 after breaking $110,000, triggering capital flows into Altcoins. Geoff Kendrick from Standard Chartered Bank also holds an optimistic view, predicting Bitcoin might reach a historical high if market concerns about Federal Reserve independence persist, forecasting it could reach $200,000 by the end of 2025.

In The Alt,anaided with the market, rising above $150 morning. This surge is supported by institutional funds, with Galaxy Digital converting $100 million ETH to SO, the listed US company DeFi Dev Corp increasing SOL holdings holdings by $11.5 million, and blockchain payment provider Astra Fintech establishing a $100 million fund to supporting Solana's in Asia. this atmosphere, MEME sector rebounded most significantly with ZEREBRO doubling its daily gains, andArtcoin's market cap breaking $1 billion.

On the macroeconomic front, US Treasury Secretary Becent stated that the tariff deadlock is unsustainable and expects the situation to ease. Trump's attitude towards the Federal Reserve has also softened, saying, "We believe the Federal Reserve should lower rates,, now is a perfect time. We hope our chairman can lower rates early or on time." He also expressed satisfaction with the stock market's According to CME's "Fed Watch", the probability of maintaining maintaining rates in May is 91.77%, with a 8..chance of a 25 3 basis. The probability of maintaining rates until June is 32.8%, with a cumcumulative 25 basis point cut 61.8%, and a cuma 5.3% cut 50 basis point cut><.

<3 2. Key Data (as of April 23, 12:00 HKT)

(Data source: Coinglass, Upbit, Coingecko, SoSoValue, Tomars, GMGN)

  • Bitcoin: $93,203.77 (YYTD -0.45%), Daily spot trading volume $5.65 billion

  • Ethereum: $1,794.45 (YTD -46.28%), Daily spot trading volume $25.673 billion

  • Fear and Greed Index: 72 (Greed)

  • Average Gas: BTC 1.05 sat/vB, ETH 0.67 Gwei BTC 63.3%, ETH 7%

  • <>DEEP, XRP, BTC, AERG, TT

  • 24-TC/Short Ratio::

    .005

  • Sector Performance: Meme AI sector up 14.52%, AI sector upup up .813.81%

  • -ation: globally 160,939 peoplepeople liquidated, total liquidation amount $$603 million, with BTC liquidation at $298 million, ETH liquid$125 million, SOSOL liquidation $19.13 million

  • BTC Mid-to-Long-Term Trend Channel: Upper line ($87,457.52), Lower line ($85,725.69)

  • ETH Mid-to-Long-Term: Upper line ($1,652.44),), Lower line ($1,619. 72)

< p Note: When price is above upper and lower lines, it indicates a mid-to-long-term bullish trend; conversely, it indicates a bearish trend. When When price is within the range or repeatedly passes through the cost range, it indicates a bottoming or state.

p>

Trading Moment: Trump's 'Weakness' Leads to Rebound in Risk Bound Assets;; Standard Chartered Bank and Arthur Hayes Bullish on BTC Hitting $200,000

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  • Today's Fear and Greed Index rises to 72, with market sentiment in a greedy state

  • Bitcoin surpasses Silver and Amazon, rising to sixth place in global asset market value

  • Trump: No intention to fire Powell, but the Federal Reserve should lower interest rates

  • Trump admits US tariffs on imported goods from China are too high, expected to be significantly reduced

  • US three major stock indexes rise sharply, all up over 2%

  • Cantor will establish a $3 billion crypto joint venture with SoftBank and Tether to invest in Bitcoin

  • Coinbase will list tokenbot (CLANKER) on Base network

  • BTC breaks through $93,000, with a daily increase of 2.50%

  • US listed company DeFi Dev Corp (formerly Janover) increases SOL holdings worth $11.5 million

  • A whale again withdraws 1,000 BTC from Binance, currently holding 19,112 BTC

  • A whale purchases $4 million worth of Fartcoin tokens and $3.5 million of TRUMP tokens

  • Bernstein: Macro environment is favorable for Bitcoin, "digital gold" will usher in five catalysts

  • BTC/Nasdaq ratio reaches 4.96, close to historical high

  • Metaplanet currently holds 4,855 BTC, plans to hold 10,000 BTC by year-end

  • OKX will delist spot trading pairs for KISHU, MAX and four other cryptocurrencies on April 29

  • Upbit will list DEEP in the Korean won market

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    Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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