The cryptocurrency market earthquake: Trump's tariffs ignite the market, Bitcoin plummets from heaven to hell overnight—how to plan for the future?

CN
1 day ago

Tracking real-time hotspots in the cryptocurrency world and seizing the best trading opportunities, today is Thursday, April 3, 2025, I am Wang Yibo! Good morning to all crypto friends ☀️ Die-hard fans check in 👍 Like for big profits 🍗🍗🌹🌹

==================================

==================================

In the early hours just past, Bitcoin and the U.S. stock market exhibited a tense buildup, all holding their breath for the announcement of Trump's tariff policy. The price movement of Bitcoin was particularly eye-catching, once strongly approaching the 90,000 mark, which boosted market sentiment. However, when the tariff details were officially announced, the market was instantly thrown into shock. In an effort to boost the U.S. economy, Trump's policy can be described as a "massive blow," having a huge impact on the global market. As a result, the market's performance resembled a roller coaster. Bitcoin first soared to a high of 88,500 USD, only to plummet rapidly to around 82,000 USD. Ethereum also faced a grim outlook, with its price dropping below 1,800 USD, experiencing a decline of over 1.8% within 24 hours. The U.S. stock futures market was not spared either, with S&P futures plummeting nearly 3%, and the Japanese and South Korean stock markets opening with significant declines. Meanwhile, inflation warning signals were fully triggered, with UBS issuing a warning that U.S. inflation could soar to 5%, and the EU president bluntly stating that "the world economy has suffered a heavy blow." It is important to note that the tariff policy has only been announced; there will be a period of intense negotiation between countries before it is implemented, entering a phase of bargaining and "verbal battles." From the continuous rise in gold prices, it is evident that the risk aversion awareness among investors remains very strong.

==================================

==================================

Currently, the overall market is in a state of chaos, yet large institutions are quietly profiting amidst this seemingly chaotic situation. Grayscale has been active, launching two Bitcoin ETFs in quick succession, while options and premium yield products have also officially gone live; Fidelity has opened the floodgates, allowing investors to directly use retirement funds to purchase BTC, ETH, and LTC; the Chicago Mercantile Exchange is also making big moves, planning to launch Bitcoin spot futures in June, with a holding period of up to 5 years. Additionally, the U.S. has passed a stablecoin bill, clearly requiring a 1:1 reserve while increasing anti-money laundering efforts, further escalating the risks of a global trade war. From the perspective of inflation and policy negotiations, if U.S. inflation rises to 5% due to tariffs, the Federal Reserve may be forced to cut interest rates earlier, but restoring market confidence is not an overnight task and will take a considerable amount of time. Looking at the cryptocurrency market, its vulnerabilities are becoming increasingly apparent, with whale sell-offs occurring frequently, a trust crisis in stablecoins looming, and ETF funds showing clear differentiation; these factors all indicate that market volatility may further intensify in the short term. It can be said that this storm triggered by tariffs has only just begun, and although the bears are showing signs of fatigue and the previous declines have mostly been digested, a significant rebound seems difficult, and the market has entered a long road to recovery.

==================================

==================================

Bitcoin suddenly surged to the upper daily band of 88,500 USD in the early hours, only to quickly fall back to 82,000 USD in a flash. From the overall range performance, this movement aligns with daily level trends. As of now, Bitcoin's price is fluctuating around 83,500 USD. From a technical analysis perspective, yesterday's daily candle closed as a bearish candle with a long upper wick, indicating that Bitcoin's price encountered strong resistance when approaching the previous high of 88,800 USD. After experiencing a nearly 7,000 point drop in the early hours, the market can first focus on the profits brought by the rebound and repair trend. In terms of key resistance levels, the target should first pay attention to the resistance formed by the intersection of the middle band and MA10, MA30 around 84,800 USD. In the 4-hour chart, the rebound strength after the large bearish retracement is relatively limited; after forming a small bullish candle, the K-line turned bearish again, showing a typical corrective trend. Moreover, during the price rebound, it failed to effectively break through the MA moving averages, still being suppressed by them, while the indicators are all pointing downwards, indicating that there is still a demand for a downward probe in the short term.

==================================

==================================

As for Ethereum, although it experienced a rebound stimulated by news yesterday, testing a high of 1,955, the overall structure has not undergone substantial changes. The price fell to a low of 1,780, where it found support and began to rebound. The daily K-line in the morning showed a significant bearish retracement, directly reclaiming all of yesterday's gains, with the current price below the moving averages, and the indicators showing a death cross, clearly indicating that the trend remains in a downward structure. However, Ethereum's movements this week have been quite volatile, mainly influenced by news and data. In the 4-hour chart, similar to Bitcoin, the rebound after the retracement is not strong, with the K-line turning bearish again, experiencing a sharp drop in the morning, followed by a corrective phase, and the current price continues to be suppressed by the moving averages, with the 1,850 resistance level being quite evident. Therefore, in short-term operations, it is necessary to closely monitor the strength of the correction; if the rebound cannot break through the key level of 1,850, it may still be worth considering a short position, waiting for the bears to continue their downward movement.

==================================

💎💎

==================================

If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increasing positions, getting stuck while trying to catch the bottom, unable to hold onto profits, missing out on opportunities… these are common problems for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profitable trade speaks louder than a thousand words; finding the right direction is better than repeatedly facing defeat. Instead of frequent trading, it’s better to strike accurately, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.

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。

ad
HTX:注册并领取8400元新人礼
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink