The market changes rapidly, and trading is all about the present; you sing whatever song fits the mountain you're on. The global financial market has seen a massive surge, with U.S. stocks also jumping up by 12 points, and indices like NASDAQ have experienced an epic rise. Trump has paused tariffs for 90 days, but made an insane decision to impose a 125% tariff on us.
This wave of calls has allowed the Republican Party to profit in the stock market, first causing the market to drop and then calling for a rise afterward. It’s somewhat like the back-and-forth calls during the approval of the spot ETF for Bitcoin when it was around $60,000 to $70,000, with days saying the spot ETF was approved and other days saying it wasn't, going back and forth for almost seven months.
Short-term traders have their costs around $93,000 to $100,000. ETH has also seen a rebound, bouncing back from nearly $1,400 to around $1,600, a rebound of over 10%. LTC has also experienced a rebound, but on the daily chart, it seems to have no sign of a rebound. If Bitcoin doesn't rebound to its position, the market will find it hard to change significantly.
It has been nearly four months since it dropped from the highest point, and the price has seen a rebound. After Trump announced this round of tariffs yesterday, the global financial market surged, and Bitcoin also experienced a decent rise, increasing from below $70,000 to nearly $83,000. However, the price has not stabilized as it hasn't actually broken through the level of $85,000. We can only say it is a temporary rebound; the MACD below hasn’t formed a golden cross and remains below the zero axis. For it to make an upward test, it will require some determination, and it has been quite a while. We still need to see if it can achieve a breakthrough at the zero axis for a 40% rise. A 40% increase would bring it to around $100,000, which is quite spectacular. But right now, it hasn't broken the $85,000 level, and its support point remains around $67,000. The range of $65,000 to $71,000 is the bottom state for long-term holders. If it drops to this level, long-term holders will continue to buy in, which is one situation.