**🚨 Market Analysis: Trump’s Crypto Policy Shift & BTC Price Action 🚨**
Key Developments Driving the Week
1. Regulatory Rollback: President Trump signed a bill nullifying the Biden-era IRS rule that expanded crypto broker reporting requirements to DeFi platforms—a win for industry flexibility and a bullish signal for decentralized protocols.
2. Bitcoin Resilience: Despite volatility, BTC reclaimed $80K+ amid macro turbulence, fueled by Trump’s 90-day tariff pause and short-term market relief .
3. Political Backlash: Democratic senators pushed back, urging the DOJ to reinstate its crypto enforcement unit, signaling ongoing regulatory friction .
Price Drivers & Technicals
- Tariff Impact: BTC’s 7% surge post-tariff pause highlights its sensitivity to macro liquidity shifts. However, the rally lacked sustained volume, suggesting cautious positioning .
- Strategic Reserve: The U.S. Bitcoin reserve announcement (holding seized assets) disappointed traders expecting aggressive buying, contributing to mid-week sell pressure .
- Support Levels: Holding $80K is critical; a break below could target $74.5K (last week’s low). Resistance sits at $82.3K (recent high) .
Trader Takeaways
- Short-Term: Expect choppy price action as markets digest tariff developments and regulatory noise. Watch for follow-through above $82.3K or breakdowns on low volume.
- Long-Term: Trump’s pro-crypto agenda (IRS rule repeal, stablecoin push, and reserve plans) remains structurally bullish, but implementation timelines matter .
- Risk Management: Tight stops below $79.5K for longs; avoid overleveraging amid political uncertainty.
**🔍 Deeper Dive**: [CNBC Crypto World](https://www.cnbc.com/video/2025/04/09/bitcoin-jumps-above-82000-after-trump-pauses-some-tariffs-cnbc-crypto-world.html) | [Reuters](https://www.reuters.com/world/us/trump-signs-bill-nullify-expanded-irs-crypto-broker-rule-2025-04-11/)
