With tariffs in place, how should Bitcoin and Ethereum be positioned?

CN
1 day ago

Let's take a look at today's market analysis. First, last night, the Trump tariffs have been implemented, with a baseline tax rate of 10%, which is actually lower than expected.

Subsequently, the market experienced a slight rebound, while other countries, including some unequal nations, imposed heavy tariffs, with 60% of countries even reaching rates of 45%, 50%, 60%, and so on.

Then the market saw a small waterfall effect, and the reason is quite simple: the trade tariffs have been initiated, leading to increased uncertainty for the future. Therefore, there are reasons to be bearish. Having discussed the tariff policy, let's return to the market.

First, as we mentioned yesterday, as long as the rising trend line is not broken, we can continue to buy on dips along this trend line.

Yesterday, we provided two ranges. The first range is the 86,000 mark, which is a critical point for bulls and bears. Secondly, we need to focus on the 88,000-90,000 range, as there was a notable drop after the price randomly hit this range.

How will the market trend next? First, Bitcoin's price has returned to a stable position, breaking out in a small double bottom after 4 hours.

The bottom of the rally can currently be used to continue placing our long positions. As long as this point is not broken, it will still consolidate and oscillate in this area, with reasons to continue moving upward.

We need to pay attention to one point above: the 84,000-86,000 range. The waterfall's rising trend has broken this 4-hour flaw, which is something we need to focus on.

If the price reaches this range and stabilizes after consolidating from this point, then the price will continue to rise to the 88,000 to 90,000 range. If the price cannot surpass 84,000 to 86,000, it is likely to continue to fall.

Additionally, from the 4-hour MACD perspective, the fast and slow lines have already crossed above the zero axis. Next, we need to focus on whether these lines can form an effective golden cross above the zero axis. If an effective golden cross forms, the price is expected to continue moving upward.

After discussing Bitcoin, let's take a look at Ethereum. Recently, it has been slowly climbing along the 4-hour rising trend line. After the tariffs were implemented, there was a random small waterfall, and the price has returned to this bottom state.

Currently, Ethereum is relatively simpler than Bitcoin, as the stop loss at the bottom is limited. We can buy on dips around this bottom, setting the stop loss at the previous low of 1750. As long as this point is not broken, the best value is still to buy on dips.

For Ethereum, the first point to watch is 1860. For example, the area between 1860 and 1880, where the rising trend line breaks, is something we need to focus on. This is the first point. If this point stabilizes and holds, we will then refocus on the previously mentioned 1960-1980 range.

If you still feel confused about trading,

Feel free to follow our public account: KK Strategy

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

HTX:注册并领取8400元新人礼
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink