Sudden bad news! Trump 'attacks' Europe, Bitcoin, Ethereum, and Ripple all plunge! Three things traders must understand...
This week, the crypto market is experiencing severe fluctuations! Just when everyone thought Bitcoin would surge towards $200,000, a statement from Trump instantly ignited market panic.
Don't blink, here are the core messages you must know.
1️⃣ Trump strikes the EU, causing the crypto market to plummet!
President Trump suddenly announced: Starting June 1, a 50% punitive tariff will be imposed on EU goods, citing that the EU 'exploits America' and causes a '250 billion dollar deficit.'
His speech on 'Truth Social' was strong, immediately turning the market from optimistic sentiment to risk aversion, with Bitcoin plunging to 108,500 USDT within minutes, Ethereum dropping to 2510, and Ripple falling to 2.31!
2️⃣ Bitcoin is strong, but short-term caution is needed for pullback risks.
Despite Bitcoin's strong rise to a historic high of 112,000, institutional buying remains robust. However, the current RSI is in an extremely overbought state (68.19), and the short-term has entered an adjustment zone.
The current key support is around 107,500. If it fails, a retest of the $100,000 integer level cannot be ruled out. In terms of operations, one should avoid chasing highs and wait for a secondary structure signal to act.
3️⃣ Ethereum and Ripple face key resistance; patience is more important than impulsiveness.
Ethereum faced resistance at the previous high of 2730. If it falls below 2330, it will open up space for a pullback to 2100.
If Ripple cannot hold the support at 2.06, it may face deeper adjustments. However, once it breaks through the high transaction volume area, 3.40 remains a potential target.
Trading suggestion: Give up short-term fantasies and turn to high-probability structures to wait for opportunities.
In summary:
Short-term bad news is being released; the brief chaos in the market is just a trial before a stronger move. True warriors do not lick blood at the knife's edge, but quietly lie in ambush before dawn. 📈