Mars Finance News, Greeks.live analyst Adam posted on social media, saying, "The market generally holds a bearish sentiment, with most traders expecting price declines in the coming weeks, mainly influenced by macro concerns centered on Trump's tariffs. Key price levels include $80,000 as an immediate support level, with bearish targets extending to $40,000, with only a few isolated bullish voices believing it might reach $100,000 in the coming months. Traders believe that tariffs have already destroyed market trust, and even if tariffs are reduced before the April 9 deadline, the damage to trade relations has been done. Gold is viewed as a hedging tool against Bitcoin volatility, with some traders using PAXG to maintain portfolio stability under uncertain market conditions."
Analyst: Tariffs have destroyed market trust, and traders are mostly bearish
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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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