Bitunix analyst: Trump's tariff war is clear, triggering market panic, BTC short-term support level is $82,000

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On April 3rd, Trump announced a 10% "baseline tariff" on goods from all countries worldwide, with higher tariffs for countries with the largest trade deficits. This move led to increased market panic. Meanwhile, BTC dropped to $82,000, a decline of 4%, and other cryptocurrencies such as ETH, XRP, and SOL also declined simultaneously. The market is concerned that this action will exacerbate the global economic recession risk and further dampen investment sentiment for risk assets.

Bitunix analysts suggest: With the rising risk of global trade wars and heightened market risk aversion, risk assets are under short-term pressure. BTC has short-term support at $82,000, and if it breaks below, it may further test $78,000. Short-term pressure is focused on $84,500, and breaking through could potentially rise to $87,000. If the global market further falls into trade wars and economic recession, Bitcoin may face short-term pressure, but still maintains long-term hedging potential. Investors are advised to closely monitor market trends and seize key trading opportunities.

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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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