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Recently, the market has been fluctuating wildly, and many people are confused.
But every reversal has key levels, and we can always prepare and make predictions.
Yesterday, I provided two key levels: the first at 3180, a valid breakdown to short, shared dynamically; the second at 3087, a 4-hour critical support level, a breakdown could continue the short. If missed, it indicates a lack of trust in me😂.
The 4-hour bullish and bearish dividing line: Bitcoin and Ethereum both broke below it, signaling a shift to bearish. I mentioned this position several days ago; once broken, go short immediately. Trump’s recent antics are truly frustrating.
Since this guy took office, he has used tariffs as a diplomatic weapon. If you don’t comply, he raises tariffs. Last year’s trade war with China had a big impact on the crypto market, and it’s not just China; now, with the EU over Greenland, tensions have resumed.
MicroStrategy bought 22,305 BTC last week, spending $2.13 billion, but the market still declined, mainly due to the impact of tariffs. Moreover, the US imports from the EU through China at twice the rate, making this impact particularly significant.
So, will the market continue to fall? If it breaks the 4-hour bullish and bearish dividing line, will the market drop below the $70,000 level I mentioned earlier? What are the key influencing factors?
I believe the first is whether tariffs are escalated from 10% to 25%. If increased, the decline will continue. Second, the EU’s countermeasures. Third, the attitude and rulings of the US Supreme Court, especially since Trump repeatedly used tariffs as a diplomatic weapon. Will the court limit presidential powers? If signals indicate tariffs are illegal, the market will quickly adjust and rebound.
This rebound didn’t reach the expected height, so this time, we must pay close attention to news. Keep an eye on key levels, and you can make big profits by trading accordingly.