1. Tariff nuclear bomb detonated, is the crypto space becoming a new safe haven?
On the evening of August 6, Beijing time, a bombshell news from Fox News set off a global market explosion — the Trump administration is reported to plan a 250% tariff on imported Chinese drugs! This 'nuclear' policy instantly threw traditional financial markets into panic: the US stock market's pharmaceutical sector collapsed collectively, with stocks of giants like Pfizer and Merck dropping over 10% in a single day, while the crypto space unexpectedly became a 'safe haven' for funds.
Data speaks: As of 20:00, the BTC price is firmly stuck at 114206 USDT, accurately holding today’s “lifeline” at 114203. On-chain monitoring shows that in the past 3 hours, there has been a net outflow of 24,000 BTC from exchanges, with large whale capital pouring into the crypto market! Historical scripts are repeating — during the 2018 trade war, BTC surged 23% in a single week, and this time the impact of drug tariffs is even harsher, with signs of institutional capital shifting already visible!
2. The technical landscape hides secrets, revealing the tracks of main players.
From the candlestick chart, BTC is currently at the 'eve of a violent surge':
Triple support locked in: 114203 as today’s lifeline → 113800 golden pit → 111920 iron bottom, forming an impenetrable wall;
Fibonacci + historical low double bottom: The 38.2% retracement level of 113822 and the August 2024 low of 111920 form a 'spring bottom', with a MACD underwater golden cross brewing, and trading volume increasing by 37% compared to yesterday;
Main players are precisely controlling the market: Today, the market was deliberately crashed to 114026, perfectly retesting the support level before quickly rising, with clear intent to shake out weak hands!
Margin call warning: If the upper pressure level of 115720 is broken, it will trigger a collective liquidation of $500 million in short positions, pushing towards the previous high of 116400!
3. Future market scenario: August presents a doubling opportunity.
Scenario 1: If BTC stabilizes above 114200, the bulls will launch a full-scale attack! After breaking 115720, the liquidation of shorts will create a 'cascade rise', targeting the previous high of 116400!
Scenario 2: If it retests the 113800 golden pit, close your eyes and buy the dip! The 111920 iron bottom is the last defense line; it’s not too late to stop loss if it breaks!
Special call from Tege:
Act immediately: Set a stop-loss alert at 114200, and if it breaks 115720, go all in on the rise!
Soul-searching question: When pharmaceutical stocks bleed, do you catch the flying knife or grab BTC golden tickets? Share your actions in the comments!
4. Why is BTC considered the best safe haven asset right now?
Anti-tariff attributes: In traditional trade wars, the dollar and gold often lose their luster due to policy fluctuations, while BTC's decentralized nature makes it a 'borderless safe haven tool';
Institutional capital shift: On-chain data shows that in the past 24 hours, institutional wallets such as Grayscale and Coinbase have increased their holdings by over 12,000 BTC, far exceeding retail selling volume;
Historical patterns verified: During the trade war from 2018 to 2020, BTC had a cumulative increase of over 300%, while the US stock market only rose by 40% during the same period!
5. Risk warning and operational suggestions
Strict stop loss: 114200 is today’s dividing line between bulls and bears; reduce positions immediately if it breaks below;
Batch building: Conservative investors can buy in batches in the range of 113800-114200, and double down if it drops to 111920;
Beware of false breakouts: If BTC surges to around 115720 and then falls back, be wary of a trap set by the main players to lure in buyers!
Tege's scythe is faster than the manipulators! Follow me, and I’ll teach you how to counter the market!