View: May reach the range of 71,000-74,000 US dollars in April and May

Odaily News Secondary trader Mining Penguin posted on the social platform that, considering the K-line trend, market structure and potential policy impact, he is currently cautious about the medium-term spot market. There is a possibility of a correction to below the previous low of $76,500 in April and May, with an expected range of $71,000-74,000. At that time, he will look for spot entry positions depending on the situation.
He pointed out that the Federal Reserve is currently cautious and may postpone the two interest rate cuts in 2025 that it had verbally promised, and Trump's policy inclinations in the adjustment of the U.S. stock market also need to be continuously monitored. He believes that if there is a significant correction in the second quarter, the third quarter is expected to usher in a recovery.