Market Analyst Predicts Potential Mid-Year Correction in Spot Market

According to Odaily, a secondary trader known as Little Penguin expressed a cautious outlook on the mid-term spot market, considering the K-line trend, market structure, and potential policy impacts. The trader suggested that there might be a correction below the previous low of $76,500 in April or May, with an expected range of $71,000 to $74,000. At that time, they plan to assess the situation for potential entry points. The trader highlighted that the Federal Reserve is currently adopting a cautious stance, which may delay the two interest rate cuts initially promised for 2025. Additionally, the policy direction of U.S. President Donald Trump during stock market adjustments requires ongoing attention. The trader believes that if there is a significant correction in the second quarter, a recovery trend could emerge in the third quarter.