Every time the market encounters significant bad news, the basic rhythm is the same: a big drop in the late night of the first day, another hit during the Asian session around 9-10 AM the next morning, a correction during the European session in the afternoon, and finally seeing if the US market can hold up.

The current market situation is a bit strange; the sentiment has exploded, yet the market hasn't moved much. It seems to be a case of having dropped too much and needing to catch its breath, coupled with the fact that there isn't a lot of hot money willing to bottom-fish here. Many who have experienced so many rounds of harvesting are now largely insensitive to tariffs.

But don't celebrate too early; right now, we should be waiting for external sentiment and the reaction when the US stock market opens. If the US market can't hold up and continues to decline, then the current position of BTC at 83,000 is likely to be lost.