#SecureYourAssets Current Situation:
Price Recovery: Bitcoin is currently trading in the $80,000 - $83,500 range, showing some positive movement over the last 24 hours after a sharp drop earlier in the week.
*Market Sentiment: While there's been a price recovery, the Fear & Greed Index still indicates "Extreme Fear" or a cautious sentiment.
*Tariff Impact: The market remains sensitive to developments regarding **U.S. tariffs**, although the temporary pause announced on April 9th provided a significant boost.
*Technical Analysis:
* Some analysts see the recent dip as a buying opportunity and point to potential support levels around **$73,000 - $75,000**.
* However, others highlight a descending channel and bearish market structure, suggesting possible further downside towards $70,000 if bullish momentum doesn't hold.
* Resistance is noted around the $81,500 - $83,000 levels. A break above $85,000 could signal a stronger upward move.
* Support levels to watch are around $78,000, with stronger support at $76,800 and then $75,000. A break below these could lead to further declines.