QCP Capital: The market is now shifting its focus to the upcoming non-farm payrolls report

QCP Capital said in an official channel that Trump announced a 10% tariff on all imports on Wednesday and launched a "reciprocal tariff" policy for countries with large trade deficits with the United States, reigniting global trade tensions.
Affected by this:
BTC fell from an intraday high of $88,500 to $81,200, down more than 8%.
The cryptocurrency market has seen a massive liquidation, and long positions have been liquidated for more than 221 million dollars
U.S. stock futures fell sharply, Nasdaq futures fell 4.28%, and S & P 500 futures fell 3.38%.
Consumer stocks with high supply chain exposure were hit hard, with American Eagle plunging 17.47%.
The market is now turning its focus to the upcoming non-farm payrolls report. In anticipation of an economic slowdown, the market expects the Federal Reserve to implement four interest rate cuts in 2025, with 25 basis points each in June, July, September and December.
In the options market, short-term volatility remained high and demand for downside protection increased, reflecting cautious market sentiment. However, analysts believe that in the case of generally oversold risk assets, there may be a short-term rebound.