On April 2nd, Trump plans to announce a large-scale reciprocal tariff policy at 4 AM Beijing time on April 3rd, which will take immediate effect. Trump also plans to double tariffs on Asian major powers and potentially impose a 20% unified tariff on global goods. Meanwhile, the US ISM Manufacturing PMI contracted, reaching a new low since May 2023. BTC has dropped 10% this year, showing a clear decline in market risk appetite. Bitunix analyst recommendations: With Trump's new tariff policy about to be implemented, market risk sentiment is heating up, and US stocks are under pressure. Attention is focused on whether cryptocurrencies can demonstrate their hedging value. Support level is at $78,000, and if it breaks, it may test $75,000. Short-term recommendations are to be cautious, monitor changes in market risk sentiment, and look for opportunities to buy at low points and break through.
Bitunix analyst: Trump's tariff liberation day is coming, the market continues to fluctuate, BTC focuses on the long-term 78K-75K support
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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