BlockBeats News, April 3rd, Trump announced a 10% "baseline tariff" on all global goods, and imposed higher tariffs on countries with the largest trade deficits. This move has led to a surge in market panic. At the same time, BTC temporarily fell to $82,000, a 4% drop, and other cryptocurrencies such as ETH, XRP, and SOL also fell simultaneously. The market is concerned that this move will exacerbate the risk of global economic recession, further dampening investment sentiment in risk assets.
Bitunix analyst's suggestion: The escalating global trade war risk has heightened market risk aversion sentiment, and risk assets are under short-term pressure. BTC's short-term support is at $82,000, and if broken, it may further test $78,000. In the short term, the pressure level to watch is $84,500, and a breakthrough may lead to a rebound to $87,000. If the global market further plunges into a trade war and economic recession, Bitcoin may come under short-term pressure, but it still has long-term hedging potential. Investors are advised to closely monitor market trends and seize key trading opportunities.
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