BTC ETH Altcoin Latest Analysis!
A week ago on the 22nd, I wrote an article titled "You must sell the altcoins in your hands when they rise!" Now, altcoins drop sharply as soon as they rise slightly, and they have retraced 30%-40% from the highs of the last two days.
In a mature market, no speculative capital is willing to take risks to push up altcoin prices; the high positions of altcoins cannot be effectively supported, and the project parties can only pump the price themselves or attract retail investors with false news (TON). However, in a growing market, all coins will still rise together.
At this moment, the cryptocurrency market is down, and there is no other reason—it is entirely due to Trump's erratic behavior!
1. Eight hours ago, he tweeted angrily about the tariffs on China.
2. Trump bid farewell to Musk, while the passionate DOGE department ended after more than 100 days, forcing Old Ma to serve as a presidential advisor (which disappointed the capital market again).
3. Two hours ago, Trump continued to speak: he will raise the import tariff on steel from 25% to 50%, effective June 4! The three-man-made bearish news has stacked up in the past half day!
In 2024, the main source countries for U.S. steel imports (by weight) are Canada, Brazil, and Mexico; these are all good buddies of America in the Americas.
The old man is crazily overdrawn on America's international credit, and even dogs can't understand this kind of crazy operation!
Today is the Dragon Boat Festival, and the joy of the capital market has been completely ruined by Trump's "zongzi"!
