The eye-catching tariff policy was announced by U.S. President Trump at 4 a.m. Beijing time on Thursday, after the close of the U.S. stock market, revealing a large-scale and market-exceeding tariff plan. He announced a 10% baseline tariff on global trading partners and imposed higher "reciprocal tariffs" on certain trading partners, with China being the first named at [34%] and Vietnam [46%] also being a key focus.

The baseline tariff rate of [10%] will take effect on April 5, and the reciprocal tariffs will take effect at midnight on April 9. With the exception of pharmaceuticals, copper, semiconductors, timber, precious metals, energy, and certain mineral resources that cannot be obtained within the U.S. are not included in this round of tariff increases. The White House stated that the tariffs imposed on China are an addition to the existing 20% tariff on imports from China, which means that the effective tariff rate on China is 54%.

As the market originally expected Trump's new tariff policy to be relatively mild, the unexpectedly aggressive outcome led to a collective plunge in U.S. stock futures. Dow futures once plummeted over 1100 points, S&P 500 index futures fell nearly 4%, and Nasdaq 100 index futures dropped nearly 3.68% as of the time of writing.

In the cryptocurrency sector, Bitcoin surged by $1500 to a peak of $88500 after the announcement of the global baseline tariff rate of 10%, but then quickly fell to a low of $82137 due to the impact of the higher "reciprocal tariffs," experiencing a drop of over 7% within four hours. As of the time of writing, Bitcoin is quoted at $83664, down about 1.15% in the last 24 hours.

Bitcoin Four-Hour Chart

The current price is fluctuating between the middle band (83500) and the upper band (86656), under pressure from the middle band. If it breaks below the middle band, it may test the lower band (81194). If the price breaks above 85500, it is expected to continue rising to the 88000-89000 range. The current K-line value and D-line value are at relatively low levels, while the J-line value is close to the oversold area, which may indicate that the market is about to rebound. However, the KDJ indicator has not yet formed a clear golden cross pattern, so close attention should be paid to whether the market shows signs of stabilization. The DIF line and DEA line are operating below the 0 axis, indicating that upward momentum is weakening. Additionally, the red histogram of MACD is shortening, suggesting that a market reversal may be imminent. If the DIF line crosses below the DEA line to form a death cross pattern, it may trigger a new round of declines, with support levels to watch at 82000-81000. If the red histogram expands again and the DIF line breaks above the DEA line, the market may continue to rise.

Bitcoin One-Hour Chart

Bitcoin's price is currently between the lower band and the middle band of the Bollinger Bands, recovering after a recent decline. The current upper band resistance is around 87606, while the lower band support is at 81568. If the price can break above the middle band (84596), it may further rise to 86000-87000. However, if the price falls back, it may test the support range of 82500-81500. Currently, the KDJ three-line values are at a high position, indicating that the market is currently in an overbought state and suggesting a short-term entry into a strong zone. If the KDJ indicator continues to rise, it may push the price towards 85000. However, it should be noted that if the J-line value turns downward, it may trigger a short-term pullback. The DIF line and DEA line are both operating below the 0 axis, indicating that the overall trend remains weak, and the MACD green histogram is gradually shortening, which may mean that bearish momentum is waning and bulls are attempting to counterattack. It is necessary to wait for the DIF line to further cross above the DEA line to form a golden cross pattern to further confirm the rebound trend.

In summary, the following suggestions are provided for reference:

Short Bitcoin near 84600, with a stop loss at 85100 and a target of 82400, with a breakdown looking at 81300.

Instead of giving you a 100% accurate suggestion, I prefer to provide you with the right mindset and trend. After all, teaching a person to fish is better than giving them fish. The goal is to earn for a moment, but learning the mindset will allow you to earn for a lifetime! The focus is on the mindset, grasping the trend, and planning the market layout and positions. What I can do is use my practical experience to help you, guiding your investment decisions and management in the right direction.

Writing time: (2025-04-03, 16:10)

(Written by - Master Says Coin) Disclaimer: Online publication has delays, and the above suggestions are for reference only. The author is dedicated to research and analysis in the investment fields of Bitcoin, Ethereum, altcoins, forex, stocks, etc., having been involved in the financial market for many years with rich practical experience. Investment carries risks, and caution is advised when entering the market. For more real-time market analysis, please follow the official account Master Says Coin for discussion and exchange.

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