What’s Happening in the Market Right Now?
Trump is announcing tariffs.
At first, Trump "pleased" the market with 10% tariffs, but that was the most expected scenario. The market surged, and BTC jumped by 1%.
✔️ 1.5 hours before Trump's speech, the press had already reported on a plan with three different tariff levels for various countries, so the market was somewhat prepared.
✔️ But then Trump pulled out a chart showing the tariff distribution by country, and it was brutal:
China: 34%
EU: 20%
Japan: 24%
South Korea: 25%
India: 26%
Tomorrow, these countries will retaliate with counter-tariffs. This is a full-blown trade war. The Fed is still far from stepping in to save the market.
📍This is a strong short.
Short ETH
Move stop-loss to breakeven at $1,840
Stop-loss: $1,932.09
Take-profit: $1,797.62
Short PENDLE
Move stop-loss to breakeven at $3
stop-loss: $3.3590
Take-profit: $2.6341
