On April 5th, Federal Reserve Chairman Powell stated that he would not immediately respond to Trump's new round of trade tariffs, nor would he rush to cut rates due to market volatility and recession expectations. The crypto market, which was already affected by "global trade war concerns" and "US stock market pullback", was further weakened by Powell's remarks, which are unfavorable to bulls pushing prices in the short term.
Bitunix Analyst Perspective: BTC's short-term pressure range is $84.5K-$83.8K, with short-term support at $80K. If BTC price fails to hold the $80K mark, it will enter a deeper adjustment zone. Traders are advised to control positions, strictly implement stop-loss, and wait for further clarification of the situation.
