#BitcoinWithTariffs #USElectronicsTariffs
đ¨ Bitcoin Bounces Back After Trump Tariff Delay â But Resistance Looms Ahead
Bitcoin is back in focus after rebounding off the $74,400 mark. The move came swiftly after President Trump delayed the rollout of new tariffs, easing market tensionsâat least for now.
đ Quick Stats:
BTC Price: ~$85,500
24H Change: +0.63%
Weekly Gain: +7.1%
Fear & Greed Index: 31 (up from 15 last week)
đ Key Market Insights
BTC retests key trendline resistance this weekâafter briefly breaking below last week during tariff fears.
Support at $74.4K proved strong, with heavy buy volume kicking in and liquidating short positions.
Open interest is climbing again, especially during the Asian sessionâindicating increased trader confidence.
Volatility normalizing, with balanced long/short liquidations in the past 24 hours.
â ď¸ Bearish Risk Still On The Table
Despite the bounce, BTC remains in a decisive zone. Failure to break above the current trendline could lead to another bearish breakout, potentially dragging the price back toward the $70K region.
đ Bullish Scenario
If bulls flip resistance into support, Bitcoin could:
Break out of its descending triangle pattern
Surge toward $90,000 for the first time in over a month
Reignite broader market momentum amid easing macro fears
đ§ Market Sentiment Shift
With Trump's tariff delay and the Fear & Greed Index recovering from extreme lows, sentiment is gradually turning less bearish. Still, traders remain cautious, knowing policy headlines can move markets in a heartbeat.
đ TL;DR:
BTC is at a crossroads. A breakout could open doors to $90K. A rejection may bring $70K back into view. Keep an eye on volume, trendline action, and any new geopolitical twists.
