Last night, Trump suddenly announced a tariff exemption policy, meaning it no longer applies to the 125% tariff on East Asia and the 10% equivalent tariffs on other countries. This good news directly drove the price of BTC to rise. Although this change seems unrelated to Bitcoin's value, in reality, macro policies, market sentiment, and self-narrative factors will jointly influence Bitcoin's trend. Simply put, BTC's price fluctuations are not just a reflection of market supply and demand; they are also profoundly affected by international events.
Short-term trend of BTC: Breakthrough or pullback?
The price of BTC has been rising steadily, breaking through many key price ranges. However, remember that the current price level is not without pressure.
According to chip data, the 85,000 point level is currently the key support. The last round of increase has directly risen from 75,000 to 76,000 to the current 10,000 USD, and a portion of people in the market are starting to consider offloading. Looking back at the period at the end of March, BTC did not successfully break through 88,000, so it is very important to treat the market rationally.
Behind the fluctuations in BTC's price, we see a typical market sentiment fluctuation: it’s not really that it 'doesn't want to rise', but rather 'lacks the courage to rise'. Many investors are still waiting for more news, especially whether Trump will continue to regulate tariff policies. After the US stock market opens tomorrow, market sentiment is expected to rebound, but significant fluctuations may still exist.
The current situation of altcoins: Opportunity or trap?
The market liquidity of altcoins still has significant issues, especially in the current low liquidity phase. Many people choose to buy altcoins, partly because the price of Bitcoin is too high and ordinary investors have limited funds, and partly because the historical surge of altcoins makes people hopeful for instant wealth.
However, it cannot be ignored that many altcoins have already dropped by 80%. For most investors, this seems to be an opportunity to 'pick up money'. However, despite the four months of plummeting for altcoins, many still see hope, believing that as long as they endure this difficult time, there will be returns of five to ten times in the future.
Despite the ever-changing market and the drastic drops that are 'unrecognizable even to their mothers', everyone still needs to remain patient. Especially for those holding spot positions, the price of altcoins is unlikely to drop to zero. Remember, difficulties are temporary; endure through it to welcome the dawn.
