
Daan Crypto Trades|Apr 02, 2025 07:35
BTC Today is the day where the Trump administration shares details about the proposed tariffs on the rest of the world. 👇
This has been an event which has been looked towards for the past couple of weeks and which caused a lot of uncertainty.
Depending on the severity of the tariffs and how the market interprets it, a larger move is due.
Regardless of what happens, a lot of volatility is pretty much a guarantee today.
A lot of positions have derisked into this event and markets have somewhat bounced across the board.
BTC remains very correlated to stocks on the lower timeframes which is common during times of uncertainty. I'm assuming this will be less severe after today as some clarity is given and people look towards the next narrative as to why the market is doing what it's doing.
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