#美国加征关税 reviewed the trend of the US stock market during the last term of #Trump , and see when BTC will stop falling and what will happen when the US stock market opens on Monday~

BTC: Taking on the panic during the US stock market closure (Figure 3)

On February 2, the US government announced a 25% tariff on Canada and Mexico, and signed a tariff order on the same day. At the same time, a 10% tariff was imposed on Chinese goods, causing market panic

BTC, as a leading indicator of US stocks, was the first to experience a large decline, and the key pressure level below is 97,000.

If the panic is alleviated after the US stock market opens on Monday, and the BTC price is supported at 97,000, it can be basically judged that the market is returning to rationality as the panic is eliminated.

If the US stock market continues to fall after the opening on Monday and does not recover, BTC may fall below the support and resistance swap level of 97,000 and start a new round of decline.

Looking back at the trade war during the last term (Figure 1, Figure 2)

In 2018, the US stock market experienced significant fluctuations, especially technology stocks (such as Apple and Tesla) were greatly affected by tariffs. Since China is an important market for US technology products, tariffs have put pressure on the profit expectations of these companies.

In 2019, the US stock market fluctuated sharply against the backdrop of the intensified trade war. In particular, in August 2019 and early 2020, market concerns about slowing global economic growth intensified, leading to a sharp decline in the stock market.

Combining the fluctuations of US and Chinese stocks in Figure 1, the following conclusions can be drawn:

1. When the trade war intensifies, the US stock market is hit hard, especially technology stocks and multinational companies are greatly affected by tariffs.

2. When the trade war eases or an agreement is reached, the US stock market rebounds, market confidence recovers, and especially the industries that benefit from the agreement perform well. #比特币四年周期将改变？ $BTC #加密市场反弹 $TRUMP