Matrixport Market Observation: Short-term market sentiment fluctuates violently, BTC temporarily maintains 79k support l

Affected by the US reciprocal tariffs, global assets have entered a panic selling phase. BTC has been relatively strong in the past week, but it is still affected by macro factors and it is difficult to break out of the independent market. As many countries and regions announced counter-sanctions against the US reciprocal tariffs, market volatility intensified.

In particular, China announced that it would impose a 34% tariff on all US imports from April 10. The game between international giants intensified the market sell-off and the market entered a Black Monday. Not only did macro assets plummet across the board, the Nasdaq index has fallen nearly 25% from its high, US stocks fell 4%, BTC hit a low of $74,508, and the maximum 24-hour amplitude exceeded 10%.

The market is overly focused on reciprocal tariffs and is further affected by the news. From the rumor of 90-day suspension to false rumors, BTC rose rapidly to $81,200 on the 7th. As of the writing of this article, the BTC price temporarily maintains the support level of $79,000 (the above data comes from Binance spot, real-time data at 14:30 on April 8).

बाज़ार Interpretation

Event-driven is the driving force of the recent market, pay attention to the risk of market sentiment fluctuations in the short term

The market selling sentiment has led to a significant decline in U.S. stocks, with market value evaporating by more than $5 trillion in the past few days and losses exceeding $10 trillion since Trump鈥檚 inauguration day.

The connection between the market and macro variables has deepened. Although the callback caused by tariffs is a specific event-driven decline, due to the uncontrollable human variables at present, it is not ruled out that various economic or political consultations on tariffs will be held in the next 6 months. Market sentiment will fluctuate with changes in trade policies. Investors are advised to pay attention to short-term market volatility risks.

Multiple countries issued counter-sanctions, and the economic game began

Jinshi reported that the European Commission proposed to impose a 25% counter-tariff on a series of US imports, which will take effect from May 16. The European Commission removed US bourbon from the list of goods on which it intends to impose counter-tariffs. The document also showed that the European Commission proposed to impose counter-tariffs on some US imports, which are scheduled to take effect on December 1.

Japanese Finance Minister Katsunobu Kato said that all possible measures will be taken to deal with the impact of US tariffs. Working groups have been set up in the Ministry of Finance and the Financial Services Agency to deal with US tariffs. Japan and the United States have decided to communicate at the departmental level on foreign exchange issues. South Korean Finance Minister Choi Sang-moo said that South Korea will continue to closely monitor financial markets. Volatility in financial markets may continue, and if necessary, market stabilization measures will be taken quickly. Japanese and South Korean stock markets opened with a significant increase on the 8th. The Nikkei 225 index once rose by more than 6%, the Topix index rose by 6%, and the Japan Topix Bank Index once soared by 10%. South Koreas KOSPI index once rose by more than 2% to 2381.31 points.

A-share market protection measures were launched, and A-shares rebounded significantly

Before the market opened on the 8th, the State-owned Assets Supervision and Administration Commission issued measures to protect the A-share market, supporting central enterprises to repurchase and safeguard the interests of shareholders. Central Huijin, China Chengtong, China Guoxin and others announced plans to increase their holdings and collectively increase their holdings of stock assets to maintain the smooth operation of the market. The total market share of stock ETFs increased by 42.764 billion shares. According to the average transaction price in the range, the net inflow of funds was about 74.003 billion yuan.

After the A-share market opened, the market rose significantly, with the large consumption and retail sectors leading the gains, Chinese-character stocks collectively rising, and Hong Kong stocks also rising significantly.

Recent Focus

Reciprocal tariffs increase the risk of market volatility, key data deserves attention

After the tariff suspension mistake, President Trump said he would not suspend the so-called reciprocal tariff policy. After a meeting with visiting Israeli Prime Minister Netanyahu at the White House that day, Trump told the media that he had no intention of suspending the tariff policy at the moment, and that leaders of many economies were seeking negotiations with him.

March CPI data is about to be released, and although the data has not yet been released, market expectations for an emergency rate cut by the Federal Reserve are rising. Swap transactions show that the probability of the Federal Reserve cutting interest rates by 25 basis points next week is about 40%, well before the Feds interest rate decision scheduled for May 7. At the same time, investors have sold off risks and rushed to buy bonds, causing yields to plummet. On Monday, the yield on the two-year U.S. Treasury bond, which is most sensitive to monetary policy, fell 22 basis points to 3.43%. Since Trump announced the tax, the yield on the two-year U.S. Treasury bond has fallen by a total of about 50 basis points.

SEC announces the agenda for the Crypto Trading Roundtable on April 11, which may promote the process of क्रिप्टो विनियमन

The SECs official website shows that the SEC Crypto Task Force will hold a public roundtable entitled Between Blockchain and Dilemma: Tailoring Regulation for Crypto Trading at its Washington headquarters from 13:00 to 17:00 Eastern Time on April 11, and will broadcast it online. The meeting will be hosted by Nicholas Losurdo, partner of Goodwin Procter, and participating guests will include executives and experts from Uniswap Labs, Coinbase, NYSE and other institutions. With the recent relaxation of crypto regulatory policies, the market expects that this roundtable may promote the progress of crypto regulation.

अस्वीकरण: उपरोक्त सामग्री हांगकांग विशेष प्रशासनिक क्षेत्र, संयुक्त राज्य अमेरिका, सिंगापुर और अन्य देशों या क्षेत्रों के निवासियों के लिए निवेश सलाह, बेचने का प्रस्ताव या खरीदने के लिए प्रस्ताव का आग्रह नहीं है, जहाँ ऐसे प्रस्ताव या आग्रह कानून द्वारा निषिद्ध हो सकते हैं। डिजिटल एसेट ट्रेडिंग बेहद जोखिम भरा और अस्थिर हो सकता है। निवेश के फैसले व्यक्तिगत परिस्थितियों पर सावधानीपूर्वक विचार करने और वित्तीय पेशेवरों के साथ परामर्श के बाद किए जाने चाहिए। मैट्रिक्सपोर्ट इस सामग्री में दी गई जानकारी के आधार पर किसी भी निवेश निर्णय के लिए जिम्मेदार नहीं है।

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