Market analyst Little Penguin issued a cautious outlook on the spot market’s mid-term performance, citing factors like the K-line trend, market structure, and potential policy shifts. According to Little Penguin, a correction might occur below the April low of $76,500, potentially falling between $71,000 and $74,000. At this point, they plan to evaluate suitable entry points for trading.
The analyst also highlighted that the Federal Reserve is currently adopting a cautious approach towards interest rate cuts initially planned for 2025. Additionally, attention needs to be paid to the potential impacts of former President Trump’s policies on the stock market during periods of adjustment.