Bitcoin (BTC) is likely to be part of a “classic bull trap” when the American-Chinese trade war will pass its next step, warns the analysis.
In its latest telegram bulletin for canal subscribers on April 10, the commercial company QCP Capital warned the last rebound in cryptography prices.
QCP: Chinese “countermeasures” can leave the cryptographic bulls blocked
Bitcoin and Altcoins have joined the world’s stock markets to rally in the last 24 hours thanks to a decision by US President Donald Trump to suspend many of his new trade rates.
However, China was a clear exception to politics, Trump doubling the prices while lightening pressure on other countries.
For QCP, the moment is not the time to relieve, but to prepare for the next movement of China.
“China has signed so explicitly, market players are preparing for the counterpunch of Beijing,” he said.
“If the reprisals materialize in force, the exuberant rally could quickly turn into a classic bull trap.”
BTC / USD 1 hour. Source: Cointelegraph / TradingView
Such a scenario would form a rehearsal of market behavior already seen this week. As reported by Cintelelegraph, an anterior rumor of a pricing break, which has not found an official confirmation triggered stock movements never seen before.
“Surprise policy temporarily pivots market anxiety, causing cryptocurrency in the short term. However, we recommend caution,” said QCP.
“Our office continues to observe the high -level sale in May and June, which suggests that market manufacturers use the rally as an opportunity to unload unwanted positions.”
Bitcoin to obtain a “significant edge” of Yuan outputs
Others have noted potential tail winds for Bitcoin in the form of the Chinese devaluation of the Yuan as a measurement of the commercial dispute. USD / CNY struck under 18 years of 7.35 during the day.
In relation: Crypto shares see big gains alongside the American stock market rebound
No agreement, the PBOC continues a very progressive weakening of the Yuan. Shit to become spicy. Fortunately $ BTC Likes the printing of money and the associated CCY weakness. pic.twitter.com/rcvksj54o3
– Arthur Hayes (@cryptohayes) April 10, 2025
“The devaluation of the beginner currency in China is more than a simple economic signal – it is a trigger,” said Sina, co -founder of the 21st Capital asset management company, to X followers in part of an article on the subject.
“Historically, when the yuan weakens, the capital does not remain in place. It escapes. A part throws itself into gold, some in foreign assets – and a significant edge finds its way in Bitcoin.”
USD / CNY 1 month. Source: Cointelegraph / TradingView
Sina suggested that macroeconomic reality would make the exposure to the BTC more attractive in the future.
“Now overlap the growing prices, slowing world trade and an in -depth crisis of trust in traditional financial systems. The result? A growing demand for neutral assets, without borders and incorruptible, “he concluded.
“Bitcoin is no longer just a hedge. It becomes a necessity in a world in search of stability apart from the control of a single nation.”
During subsequent discussions, however, he recognized that Bitcoin was unlikely that the low -term low is the lowest.
Previously, Cointtelegraph reported various BTC price objectives for a sustained rebound, many of which focus on $ 70,000.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
