Just as I was about to close the computer and go to sleep, the market suddenly surged! SPY directly shot up more than a point in after-hours trading, and my first reaction was—who moved again?
It turns out it's Trump again with his mouth.
Once the news broke, it turned out that old Trump was over there shouting that he was considering ending the conflict with Iran. Just this one sentence caused the S&P 500 ETF to directly V-reverse in after-hours trading, instantly igniting market sentiment. To be honest, this kind of market is really a 'news market'—a piece of news can make the bears explode right on the spot.
I'll share my own opinion.
This matter is actually quite interesting. You see the reaction of the US stock market this time, which indicates that the market is actually not short on money, what it lacks is a 'reason'. A little good news, and the funds dare to rush in. Now the question is—what about Bitcoin?
I've been observing a detail: in the recent few after-hours rallies in the U.S. stock market, Bitcoin has been 'half a beat slow' to follow. If SPY can stabilize this time, it's highly likely we'll see funds flowing back into risk assets early tomorrow morning. After all, liquidity in the crypto circle is tight, and it's easy to follow when there’s wind outside.
Don't be anxious in operations
In the current market, don't rush to chase. The rebound driven by news often has the first wave as sentiment, and the second wave is real money. First, see if the U.S. stock market can hold its gains at closing, then decide how to move on Bitcoin. The support is still at 69000, with pressure above at 70500-71000. Until it stabilizes, treat it all as a rebound.
The last sentence
Trump's mouth is really harder to predict than the K-line. But at this position, I actually hope he can keep blowing — bringing up market sentiment is more effective than any technical indicators.