Brothers, did you wake up this morning and feel completely stunned when looking at the market? Trump suddenly slapped Europe with a 10% tariff gift package, and risk aversion sentiment surged. Gold and silver reached new highs, but our crypto market fell the hardest - Bitcoin at 94000 directly breached support, and funds specifically targeted the Asian market while everyone was sleeping to crash it. This operation really rubbed the crypto circle's mentality into the ground.
This news was released last night at midnight. I originally thought the crypto market would rise along with gold, but unexpectedly, it was directly backstabbed by funds. How big is the psychological shadow area for people in the crypto circle?
Behind the Tariffs: Trump pressures Europe to comply, the market is entering 'garbage time'
Trump's recent tariff increase was actually predicted — it was to force Europe to agree to his plan to buy Greenland. Unexpectedly, it became serious, directly putting tariffs on the table. According to past patterns, he will adjust his strategy based on Europe's reaction: Europe resistant? Then continue to raise taxes; Europe compromises? Then discuss conditions.
But Europe also needs time to weigh the pros and cons, so the market will enter a 'garbage time' over the next few days, with clear news expected no earlier than later this week. Before that, don't expect significant market movements; fluctuations are the norm.
Market Situation: BTC fell below 94000, altcoins dropped back to their original state
This time the big drop is actually acceptable; after falling below 94000 and hitting the stop-loss, there is still profit in the position, but altcoins are in a bad situation: generally dropped back to their original positions, with some even hitting new lows, like Aster, whose liquidity is ridiculously poor, feeling like it could collapse at any moment.
Now I want to remind everyone clearly: don't touch altcoins for the time being, coins with poor liquidity can be smashed at any moment; let's wait until market sentiment stabilizes.
The next few days are expected to show a fluctuating downward trend, focusing on whether the support level of 90000 USD can hold. Don't rush to enter long positions; the entire upward rhythm has been disrupted, and it is impossible to regain strength in a short time. Being patient and waiting for signals is the right choice.
Operational Suggestions:
1. BTC: Resistance level at 93000, support level at 90000. If you have already hit the stop-loss after dropping below 94000, don't rush to add positions; wait for the 90000 support to stabilize before considering entry.
2. Altcoins: temporarily observe, especially for coins with poor liquidity, don't try to catch the bottom to avoid being buried.
3. Stay Calm: The market is currently dominated by news, don't chase rises or falls, just wait for the news to settle later in the week before taking action.
Do you think this pullback will fall below 90000? How are your altcoins holding up? Let's discuss your mindset in the comments 👇
