SignalPlus Analyst: The market is focused on tariff policy, Bitcoin may continue to follow stock market performance

Augustine Fan, the head of research at SignalPlus, said that despite ongoing concerns about a slowdown in the U.S. economy, markets may gradually rebound from last week's slump and are expected to maintain a moderate recovery by the end of the month. He pointed out that the "Liberation Day" tariff policy planned to be announced by Trump on April 2nd will become the next important catalyst. If the tariff policy is relatively mild, it could repair recent technical losses in U.S. stocks and drive a global market rebound, especially with recent rises in European Union and Chinese stock markets.

Fan also mentioned that cryptocurrencies will still closely follow stock market performance in the short term as they currently lack unique market driving factors. However, he remains confident about long-term bullish prospects for cryptocurrency markets due to recent merger activities by CEX.