On April 21st, according to 4E monitoring, Trump's policies continue to be at the forefront of the market narrative, with tariff uncertainty continuing to weigh on US stocks. The three major indexes fell for the third consecutive week last week, with the Dow falling by 2.66%, the S&P 500 falling by 1.5%, and the Nasdaq falling by 2.62%, led by tech stocks.

The cryptocurrency market has shown resilient performance, relatively independent. Bitcoin traded in a narrow range last week, stabilizing at $84,000. In early Asian trading on Monday, a sharp drop in the US dollar index and a 2% surge in gold futures jointly pushed Bitcoin up rapidly to break through $87,000. As of the deadline, it was trading at $87,415, up 2.5% in 24 hours. Altcoins rebounded across the board, with the AI sector leading the way with a 7% increase, while other sectors saw increases in the range of 1% to 2%, indicating a more optimistic market sentiment.

Tariff uncertainty looms over the market, with investors focusing on the upcoming negotiations between the US and multiple countries in the coming weeks to further understand the scale and scope of tariffs. This week, the US and Europe will simultaneously release preliminary April PMI data for manufacturing and services, reflecting the first wave of impact from Trump's tariffs. In addition, the market is watching for the latest earnings reports from tech giants such as Google and Tesla, as investors are trying to find market anchors from corporate profit guidance.