Bitunix Analyst: First Trade Deal "Sealed", BTC Trading Range Short-Term Volatility, Awaiting Direction

BlockBeats News, April 30th. On Tuesday, the U.S. Secretary of Commerce revealed in an interview with foreign media, "I've gotten the first trade agreement done, really done," but it still awaits approval from the counterpart country's government and parliament. He emphasized that this agreement does not include China, as the negotiations with China are being handled by Treasury Secretary Bennett. The market generally expects that Japan, South Korea, and India will be the first to finalize the agreement. In the cryptocurrency market dynamics, along with some return of risk-off funds to the traditional market, crypto safe-haven assets are being reallocated, and ETFs and whale buying remain active.

Bitunix Analyst Recommendation:

Lutenic is optimistic about the imminent trade agreement, bringing a short-term positive outlook to the market and driving the rebound of risk assets; crypto assets are also supported in the rotation to safe havens. The analyst suggests that investors observe the follow-up trend of BTC's fluctuation in the 92K-96K range while strictly adhering to risk management.