Opinion: It may reach the range of 71,000 - 74,000 US dollars in April or May

The secondary trader, Little Penguin Miner, posted on social media stating that considering the K-line trend, market structure and potential policy impacts, he is currently cautious about the mid-term spot market. There may be a correction to below 76.5 thousand dollars in April or May, with an expected range of 71-74 thousand dollars. At that time, he will look for entry points in the spot market based on circumstances.

He pointed out that the Federal Reserve is currently being cautious and might delay its previously verbally committed two rate cuts in 2025. Trump's policy inclination during US stock adjustments also needs continuous attention. He believes if there is a significant correction in Q2 then Q3 could see a recovery rally.