Great Alert For Bitcoin!!!!
Now the U.S. government does not agree with Trump's tariff deal with China, so Trump is again starting a tariff war with China. The tariff agreement is still on pause from Trump, so we have only seen a small recovery for BTC after a strong drop of around 103k. Now BTC is again heading towards 105k-106k, but we are just waiting for one more bad news and the whole game is over. That bad news from China, if the Chinese president responds negatively, then we will see BTC again at 80k-85k or more or less because this time it is not just a tariff war, it is a war of ego and also a major economic war.
So far, China rejects the bitcoin reserve policy, Japan is on China's side, 2 superpowers collide with each other again and I have seen once that bitcoin's market capitalization exceeds 2.18T, so now it is again below 2T, due to the strong drop.
What about altcoins and meme coins? Last time BTC fell from 109k to 74k, ETH fell from 4.2k to 1.3k, SUI fell from 5.2 to 1.7, XRP fell from 3.4 to 1.4, Solana fell from 295 to less than 100 dollars, now they are at half compared to the last drop, what will happen if BTC falls below 80k? Altcoins will lose all their value, the crypto capitalization is below 3T and much more.
So maybe we should stay away from the market and trade with 5-minute charts, long-term trading is dangerous at this moment, there are still many liquidations in this market, large whales were liquidated in this drop, many whales hit their stop losses.
Pray for the good and expect the good in the cryptocurrency market, there is already great damage in cryptos, most altcoins and meme coins have lost their value and are forming a bearish pattern again, waiting for a weekend of parallel dumping or the biggest.
Thank you and thank you for your time
