The tariff hammer fell at 4 AM today; it should be a global market crash.
Trump, this isn't a tax increase, this is flipping the table...
However, this list will not be implemented immediately, but on April 5th, and Trump has indicated that to obtain tariff reductions, one must either invest in building factories in the US or lower tariffs on the US.
It is estimated that by April 5, there will be a new form for the final execution. Beijing time should be April 6.
The best comment on last night's tariffs: 'Worse than the worst-case scenario Wall Street was worried about!' Wall Street comments on the sharp drop in US stocks.
The reason for Bitcoin's crash today:
1. Trump's high tariff policy on certain countries has raised concerns about the US economy;
2. US stocks are down, causing the crypto market to follow suit;
3. Binance's stablecoin FDUSD has decoupled, causing panic in the market.
$BTC has been dragged down by US stocks and tariff policy, directly falling from 89000 to now 83000; let's see how the market digests the tariffs and how US stocks perform; it's highly likely there won't be an independent market trend;
At the same time, it triggered fluctuations in the cryptocurrency market, with Ethereum and Solana dropping over 6%;
$ETH rebounded to nearly 2000 yesterday but was directly slammed back to 1800, the dream is over;
$SOL has created a new recent low; when Bitcoin was at 76000, it didn't drop below 120, and now the price is 119, can only say that only Bitcoin is crypto;
Impact of tariffs on the future market:
The market is accelerating the clearance of all old things, removing obstacles for the arrival of new things, and maintaining enthusiasm for all inexplicable narratives and technologies. If tariffs are finally imposed, it will follow the existing numbers, with Bitcoin expected to peak at 88500 around 4 AM today.
Next week is the US tax season; liquidity is expected to remain poor; if a moderate or better-than-moderate scenario occurs, the market will likely continue to rebound; after falling this month, the rebound peak is expected not to reach the 95000-96000 range;
If a poor scenario occurs, the market will continue to fall; I believe it will continue to probe down to the 78000-80000 range in early April, but still don't see new lows.
After the market fully digests (April 10), there will be a rebound, but the overall April will not exceed the 90000-91000 range. Attention should be paid to the tax season on April 10, which may have an adverse impact on the market.
Therefore, perhaps the official upward movement will only begin after April 11 (regardless of whether the tariffs are positive or negative). Currently, it seems that the probability of the US entering recession after July is very high; if there is a rebound in May-June, it should be viewed as a survival wave.
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