Bitunix Analyst: Trump Tariff Liberation Day Approaches, Market Continues to Fluctuate, BTC Focuses on Long-Term Support at 78K-75K

Blockbeats
02 Apr

BlockBeats News, April 2nd, it is reported that Trump plans to announce a large-scale tariff policy at 4:00 AM on April 3rd (Beijing time), which will take effect immediately. Trump also plans to double tariffs on major Asian countries and may impose a uniform 20% tariff on global commodities. Meanwhile, the U.S. ISM Manufacturing PMI contracts, hitting a new low since May 2023. Bitcoin (BTC) has dropped 10% year-to-date, reflecting a significant decline in market risk appetite.

Bitunix Analyst Suggestion:With Trump's new tariff policy about to take effect, market risk sentiment is rising, U.S. stocks are under pressure, and attention is focused on whether cryptocurrencies can demonstrate safe-haven value. The support level is $78,000, and a break below may test $75,000. For short-term trading, caution is advised, monitor changes in market risk sentiment, and look for opportunities to buy low and break out.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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