#TrumpTariffs 104% Tariffs Went into Effect On China. | SufiCrypto on Binance Square

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#TrumpTariffs  104% Tariffs Went into Effect On China.

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#BTCRebound As it is firmly compressed between two important exponential moving averages, Bitcoin is currently experiencing a crucial technical moment that resembles a traditional price squeeze. Although bulls may just be in the lead, this tension in the charts is preparing for a possible volatility-driven breakout in either direction. Bitcoin is currently trading at about $84,000 just above the 100-day EMA and encountering resistance from the 200-day EMA at about $87,350. A resolution appears imminent as a result of the pressure created by this small trading range. A break above the 200 EMA would invalidate the long-standing death cross that has hampered Bitcoins midterm performance in addition to indicating bullish momentum. The chart’s slightly declining volume is frequently a sign of a coiling move, which is a prelude to explosive price action. When a clear move occurs, traders will have room to influence price action because the RSI is neutral at about 51.5, indicating that Bitcoin is neither overbought nor oversold. A short squeeze could force prices back toward the psychological $90,000 level and higher if Bitcoin is able to break above the 200 EMA. A move like that would turn around pessimistic sentiment and possibly usher in a new bullish market phase. However, if resistance is not overcome, there may be a rejection down toward the $82,000–$83,000 support zone where the 100 EMA currently provides a safety net. Below that, there is a chance that Bitcoin will lose steam and enter another period of consolidation or correction.

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#CryptoTariffDrop U.S. President Donald Trump has announced a significant increase in tariffs on Chinese goods, raising the rate to 125% with immediate effect. The announcement was made via a post on Truth Social, a social media platform. The President cited China’s lack of respect for global markets as the primary reason for this decision. In the same post, President Trump also mentioned the possibility of China realizing in the near future that its current trade practices with the U.S. and other nations are neither sustainable nor acceptable.

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$BTC As the Bitcoin (BTC) price trades in red amid the latest wave of market volatility, Strategy Chairman Michael Saylor took to X (formerly Twitter) with a single-word response that said it all: "HODL" Bitcoin’s price fell by more than 5% in 24 hours as continued macroeconomic headwinds pushed the broader crypto market into the red in the early Wednesday session. Despite the drop, Saylor maintains his bullish posture with characteristic stoicism. Under Saylor’s leadership, Strategy has become one of the largest corporate holders of Bitcoin. Over a week ago, Strategy announced the purchase of $1.9 billion in Bitcoin, making it the firm’s largest investment in terms of coins this year. As of March 30, Strategy held 528,185 BTC, acquired for almost $35.63 billion at about $67,458 per Bitcoin.

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