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 experienced simultaneous declines. 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 global trade war risk and increased market risk aversion, risk assets are under short-term pressure. BTC has a short-term support at $82,000, and breaking below this could 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 a trade war 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!