Odaily Planet Daily News: QCP Capital pointed out in its latest market briefing that the US stock and cryptocurrency markets rebounded significantly after Trump announced the "suspension of tariffs and the imposition of a 10% reciprocal tariff on all countries except China". The Nasdaq rose 12.02%, the S&P 500 rose 9.51%, BTC rose 8.43%, ETH rose 13.38%, and triggered a $75 million short position in the cryptocurrency market within one hour.
But QCP warns that this "Make America Wealth Again" policy shift is more like a temporary easing, and the "China exception" policy has actually escalated the US China trade war again, putting sustained pressure on Chinese assets. The RMB exchange rate has fallen to an 18 year low, and the market is waiting for Beijing to launch a strong counterattack. If China's retaliation escalates, the current rebound may turn into a "bull market trap".
In addition, QCP pointed out that although short-term sentiment has rebounded, the market remains cautious about the upward fluctuations in May and June, and sellers continue to use the rebound to reduce their positions. At the same time, some investors are betting that BTC will return to $100000 by the end of the year, with active option buying in December. The upcoming release of US CPI data tonight will become the next focus of attention in the market. If the data is lower than expected, it may alleviate inflation concerns caused by tariffs.
