The global tariff war has entered a fever pitch: Are the risks or opportunities of cryptocurrencies like Bitcoin?
Since April 5, the Trump administration has implemented a 10% global benchmark tariff, which has continued to escalate, with the Sino-American tariff war reaching a boiling point, and the current tariff rates have soared to a historical high of 125% against 84%.
This economic confrontation has severely impacted global markets, causing Bitcoin to plummet by 9.1% to $76,000 within seven days, with mainstream altcoins like Ethereum experiencing even greater declines; the Dow Jones Industrial Average fell by as much as 9.8% over five days, and the probability of a global economic recession has surged to 68%.
The current market is in a critical stage of intense long-short competition. From a technical perspective, Bitcoin is testing the key resistance level around $82,000; if this defense line is breached, it may further dip towards the two-year upward trend line at $75,000.
However, the market is not without its highlights, as a bullish divergence signal has appeared on the daily chart, while on-chain data shows that whale addresses are continuing to accumulate. A recent report from Binance Research also points out that despite facing pressure, Bitcoin maintained an overall bullish technical structure at the March close.
It is worth noting that mainstream altcoins like Ethereum (ETH), Solana (SOL), and XRP have generally experienced declines greater than Bitcoin in this round, clearly reflecting the sharp cooling of current market risk appetite, with investors accelerating their exit from high-risk assets.
The current macroeconomic environment is facing severe challenges. The latest Federal Reserve decision maintains the benchmark interest rate unchanged, and the market's widely expected timeline for interest rate cuts has been pushed back to after May, exacerbating investor concerns about current market liquidity tightening due to this monetary policy stance.
At the same time, following the order to publish “tariff treatment,” global stock markets have suffered heavy losses, and the cryptocurrency market has not been spared, further intensifying current market volatility and the enormous risks of leveraged trading.
The current market has also triggered three different viewpoints among investors; the optimistic view sees the pullback as a “golden pit” and advises bottom fishing; the cautious view warns of bear market risks and suggests stop-losses; while the wait-and-see camp advocates waiting for the Federal Reserve's decision in May before making decisions, emphasizing the observation of three major signals: policy, trade situation, and Bitcoin support levels, before determining investment strategies.
Which viewpoint do you lean towards? Leave your thoughts and reasons in the comments section!
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