《Shock! A single statement from Trump causes a huge shock in the Asian market! India's 'zero tariff' peace request fails, and BTC bulls' celebration is about to begin!》
"News-driven crash, technical bottoming!" Just now, Trump suddenly stated that India's desire for 'zero tariffs' peace is too late, and this news directly dropped BTC from $110,300 to around $108,500, just hitting the upper area above our chart's support level of $106,900.
From the 1-hour candlestick chart, the market is now showcasing a classic battle between bulls and bears:
The upper pressure level of $110,620 is like a high-voltage line; three consecutive candlesticks reaching this point have been pushed back.
The lower support at $106,900 has become the bull's defense line, with mysterious buy orders appearing every time it dips into the $107,500-$108,000 range.
The most noteworthy point is that the MA5 and MA10 are starting to flatten, indicating that a short-term directional choice is imminent.
Why does Trump's tariff news affect BTC? Let me break it down for you:
1. As a tech powerhouse, India's tariff policy directly impacts global capital flow preferences.
2. Trump's statement reinforces risk-averse sentiment, and some traditional funds may flow into gold/bitcoin.
3. The news coincided with a period of weak liquidity in the Asian market's midday session, making it easier to amplify volatility.
Remember last August when Trump suddenly imposed tariffs on China? BTC surged 5% in half an hour from the $29,000 position. Will history repeat itself this time? The key will be to observe the direction of institutional funds after the US stock market opens tonight.
Personal judgment: At this position, it’s like compressing a spring; the longer the volatility contraction lasts, the more explosive the subsequent breakout will be. If it can stabilize above $110,620, it is highly likely to test the previous high of $112,000; however, if it breaks below the $106,900 support, it might retest the key Fibonacci level of $105,500. I suggest setting orders at $106,800 and $110,800 to ambush, chasing whichever side breaks.
Key points to watch tonight:
The ARKK fund's movement after the US stock market opens.
Whether Trump's subsequent tweets will continue to make waves.
The US ISM Manufacturing PMI for August.
Every time Trump stirs up trade tensions, BTC's volatility doubles; could this be a new pattern? Do you think this time will validate it? Waiting for your thoughts in the comments!
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