QCP Capital: The trade war remains a focus, and defensive strategies and risk management are key at this stage

Odaily News The official QCP channel posted that traditional financial markets are still digesting the dynamics of the US economy and paying attention to the latest developments in the high-risk US-China tariff war. US stocks are weak, and the S&P 500 index is difficult to defend the 6,000 point mark. Market volatility in the past week has caused a sharp shock in the crypto market, with BTC briefly hitting $92,000 and ETH falling to $2,100. The US postponed tariff measures on Mexico and Canada, bringing some relief to the crypto market, but the US-China trade war remains a core risk.
In addition, U.S. crypto czar David Sacks announced the establishment of a working group at the conference yesterday to promote stablecoin legislation and evaluate the feasibility of establishing a strategic Bitcoin reserve (SBR). Although the short-term impact is limited, it may be beneficial to the crypto market in the long run. In addition, the lack of cryptocurrency-specific catalysts in the short term makes the market vulnerable to negative price shocks. In this environment, defensive strategies and risk management are key, especially considering the large-scale liquidations that occurred on Monday.