Tariff War Pressures Markets, Bitcoin Faces Resistance

Fundamental Analysis:

Last week, U.S. President Donald Trump downplayed the stock market volatility caused by his additional tariffs during a Fox News interview, calling it a "transition period" and claiming that wealth is being brought back to the U.S. This reinforced market concerns that Trump will persist with the tariff war, posing a significant risk to global economic growth and severely impacting risk assets such as U.S. stocks and cryptocurrencies.

Additionally, Trump has signed an executive order to establish a Bitcoin reserve, but White House cryptocurrency chief David clarified that the government’s current Bitcoin holdings come from asset seizures through criminal or civil forfeiture proceedings. As a result, the government has no plans to purchase additional Bitcoin, disappointing bullish investors and making it difficult for Bitcoin to reclaim the $90,000 level in the near term.

Technical Analysis:

On the 1-hour chart, BTC attempted to break above the previous high but failed, reversing below the moving averages, which have returned to a bearish crossover. This suggests strong selling pressure above. Given this setup, traders without positions may consider short opportunities during the day.

Trade Recommendation:

🔹 Sell BTC at 83,580 (light position)
🔹 Target: 79,923
🔹 Stop Loss: 85,320
🔹 Support: 79,923
🔹 Resistance: 85,312

⚠ (The above content is for reference only and does not represent the platform’s stance. Stick to your strategy and manage risk accordingly.)