The analysis warns that Bitcoin (BTC) becomes part of the “classic trap of the bull” when the trade war in the USA-china is taking the next step.
In its last Bulletin for subscribers Channel Telegram on April 10, the QCP Capital Commercial Company warned about the latest reflection of the cryptographic price.
QCP: Chinese “remedies” can leave cryptographic bulls
Bitcoin and Altcoins have joined global stock market markets during rallies in the last 24 hours thanks to the decision of the US President Donald Trump to stop many of his fresh trading tariffs.
China was a clear exception to politics, and Trump doubled these tariffs, while alleviating pressure on other countries.
In the case of QCP, it is now not for relief, but to prepare another China movement.
“Market participants are preparing for the Beijing counteripreet with China so clearly distinguished,” he said.
“Retaliation, spontaneous rally can quickly transform into a classic bull trap.”
BTC/1-hour chart. Source: Cointelegraph/TradingView
This scenario is a repetition of market behavior already noticeable this week. According to Cointelegraph, an earlier rumor about a tariff break that was not found official confirmation caused the movements of Whipsaw inventory, which they had never seen before.
“The policy of surprise turns temporarily soothed with market anxiety, increasing short cryptocurrencies. We still recommend caution,” QCP continued.
“Our desk still observes the sale of the best in May and June, which suggests that market producers are therefore using as an opportunity to relieve unwanted positions.”
Bitcoin, to get a “significant piece” of yuan drains
Others noticed potential rear winds for Bitcoins in the form of devaluation of Chinese yuan as a meter of detention in a commercial dispute. USD/CNY reached an 18-year minimum 7.35 during the day.
Related: Cryptographic actions see great profits with the American stock market reflection
Without a contract, PBOC continues the very gradual weakness of Yuan. Damn to become edged. Happily $ Btc He loves printing money and the associated weakening of Ccy. pic.twitter.com/rcvksj54o3
– Arthur Hayes (@cryptohayes) April 10, 2025
“The initial devaluation of China’s currency is more than just an economic signal-it’s a trigger,” Sina, co-founder of the 21st Capital asset managing company, said X followers in the part of the post on this topic.
“Historically, when Juan weakens, the capital does not stay in place. It escapes. Some of them flow to gold, some to foreign assets – and a significant slice goes to bitcoins.”
1-month USD/CNY table. Source: Cointelegraph/TradingView
Sina suggested that macroeconomic reality would make the BTC exposure more attractive.
“Now layers on growing tariffs, slowing down global trade and a deepening crisis of trust in traditional financial systems. The result? The growing demand for neutral, free borders, indestructible property,” he concluded.
“Bitcoin is no longer just a hedge. It becomes a necessity in a world looking for stability outside the control of one nation.”
In subsequent discussions he recognized That Bitcoin probably has not yet seen the long -term.
Earlier, Cointelegraph informed about different BTC prices for lasting reflection, with many of them focused on USD 70,000.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
