April 3, 2025 Morning Market: Market Volatility, EOS Continues to Rise
Last night, Trump announced a new tariff list with a maximum tax rate of 54%, triggering severe fluctuations in global markets.
Asian stock markets generally fell, and gold prices soared to $3,160 per ounce, increasing safe-haven sentiment.
In the cryptocurrency market, Bitcoin (BTC) faced short-term pressure, briefly rising to $88,500 in the morning but then retreating to $83,300, a drop of about 5.86%. Ethereum (ETH) also surged and then fell back, currently reported at $1,820, down nearly 6.9%.
The candlestick pattern indicates that the red three soldiers formation suggests short-term support, but the top reversal combined with expanding MACD green bars indicates that bears are starting to exert pressure, increasing the correction risk.
It is noteworthy that after yesterday's rise, EOS is still consolidating today without a significant correction, possibly brewing a new round of increases.
Current market sentiment is extremely unstable, and short-term volatility may intensify. Investors are advised to remain cautious, avoid entering the market blindly, and wait for clear signals from the market before making decisions.