QCP: Long-term sentiment in the crypto market is becoming more positive, and Bitcoin may continue to move sideways in the near term

Odaily Planet Daily News QCP published an article stating that after a week of tariff brinkmanship, risk assets began to stabilize, breaking away from barriers that could have dealt a heavy blow to Sino-US trade. The United States imposed tariffs of up to 145% on Chinese imports, and China hit back with tariffs of 125%. The two sides escalated to the point where the market was no longer surprised by further increases. The huge scale of these tariffs makes them more symbolic than market-driven, which is in stark contrast to the panic caused in the early days of "Liberation Day". After the close of Friday, the Trump administration quietly exempted smartphones, computers and chips from the latest tariffs. Despite the ongoing stalemate, risk assets are pricing in optimism, even as the United States seems to be negotiating not only with China, but also with the bond market and itself. In the crypto market, Bitcoin risk reversals still favor put options until June, indicating that the market is still slightly cautious in the short term. However, long-term sentiment is becoming more positive. On Saturday, we observed aggressive buying of 800 lots of BTC-27MAR26-100k-C. Bitcoin continues to consolidate in the $80,000 to $90,000 range and may continue to move sideways, adopting a “wait and see” strategy as the tariff situation develops.