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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 critical 4-hour support level, a breakdown could continue the short. If missed, it indicates a lack of trust in me😂.
The 4-hour long-short dividing line: Bitcoin and Ethereum both broke below, signaling a shift to a bearish trend. I mentioned this level several days ago; once broken, go short immediately. Trump’s recent antics are truly frustrating.
Since this guy took office, he’s used tariffs as a diplomatic weapon. If you don’t listen, he raises tariffs. Last year’s trade war with East Asia had a big impact on the crypto market. Of course, it’s not just East Asia; now they’re starting again with the EU over Greenland.
MicroStrategy bought 22,305 BTC last week, spending $2.13 billion, but the market still declined. This is mainly due to the impact of tariffs. Also, the US imports from the EU through East Asia at twice the volume, so this impact is particularly significant.
So, will the market continue to fall? If it breaks the 4-hour long-short dividing line, will the market drop below the 70,000 level I mentioned earlier? What are the key influencing factors?
I believe the main factors are: first, whether tariffs are escalated from 10% to 25%. If yes, the decline will continue. Second, 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 are released that tariffs are illegal, the market will quickly adjust and rebound.
This rebound was not even at 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.