Trump's tariff stick is swinging towards the EU; the market's gunpowder smell is getting stronger, making Bitcoin and other safe-haven assets even more appealing! Don't be fooled by the EU's current claim of 'not wanting to retaliate'; as soon as Trump sends out this tariff letter, the market's nerves are immediately tensed.
Tang Seng's view:
In the short term, it is definitely a bullish 'adding fuel to the fire'! Why? History is the script! Recall that in May, Trump also shouted about imposing a 50% tariff on the EU, and at that time Bitcoin plummeted in fear, but then what happened? Major institutions went on a buying spree, with money flowing in rapidly, and prices rebounded sharply. This script is likely to replay! Just look at today; as soon as the news came out, Bitcoin surged past $118,000 to a new high, while European stock markets were all in the red. This is a typical case of 'safe-haven funds relocating'—everyone is worried about a tariff war breaking out, the euro might face inflation, and traditional financial markets may shake, so money naturally flows into Bitcoin, a 'non-sovereign' hard currency with a limited supply. On-chain data also supports this; during the last panic period, the transfer volume of USDT surged several times, indicating that a lot of smart money is quickly moving assets through crypto channels to avoid the troubles of traditional finance.
"No retaliation" is a smokescreen; volatility is the real opportunity! The EU says it doesn't want to fight, but that's to create room for negotiations. However, Trump’s tariffs are likely to be implemented. This uncertainty is a breeding ground for market volatility! What does increased volatility mean? For us seasoned traders, it's a godsend for arbitrage! For example, last time, the ETH/BTC exchange rate played a 'roller coaster', with price differences widening between exchanges, allowing the quick-eyed and quick-handed to profit. But newbies should be wary! High leverage at this time is a 'vegetable harvester'; the $300 million liquidation wave in May was a bloody lesson! Remember, volatility is a double-edged sword.
Which cryptocurrencies might benefit more? Besides the big brother Bitcoin, compliant stablecoins and mining stocks are worth paying attention to. Why? The tariff war may accelerate companies' use of blockchain for cross-border payments, which will increase the demand for stablecoins. As for mining stocks? Last time similar news came out, stocks like Canaan rose even more than Bitcoin!
My core viewpoint: This wave of tariff news is, in the short term, a boost for the crypto market, especially for Bitcoin! Institutions and large holders are quietly positioning themselves amid the panic; we need to see this trend clearly. However! There is actually some 'policy premium' hidden in this wave of increase. If the EU really backs down by the end of July, or if the tariff intensity is less than expected, this 'premium' is likely to be squeezed out, triggering a wave of correction.
Tang Seng's daily sharing: If you currently feel helpless or confused about trading, follow me for guidance; don't lose your way in this round of bull market! #美国加征关税 $BTC $ETH
