Bitunix Analyst: USD & US Debt Out of Favor, BTC Influx of Funds Short-Term Focus on 94K Pressure Level, Backtest Support at 88.5K
On April 25, due to the impact of Trump’s protectionist trade policies, the market’s risk aversion pattern changed, with the status of the US dollar and US bonds being challenged, and funds shifting to gold and crypto assets. The price of gold rose to a record high of $3,500 per ounce, and the Bitcoin ETF also attracted sustained capital inflows, with BTC rising 13% since April.
Bitunix analysts recommend: although gold is the first choice for safe-haven, but the price is already at a high level, we need to carefully assess the allocation of space; crypto assets may benefit from safe-haven funds to re-layout. If Bitcoin fails to break through the $94K pressure in the short term, it is likely to retest the 88.5K support. Investors are advised to pay attention to changes in market news, improve risk control and avoid over-concentration of asset allocation.