Trump announced that a 50% customs tariff will be applied to the European Union starting from June 1.

With the news coming in, U.S. stock markets began to decline and the fear index rose by 20%.

Recently, the correlation between $BTC and the S&P 500 has been very high, which has also caused a pullback in the crypto side.

Four days ago, I mentioned that the correlation had increased significantly and that we needed to closely monitor the global side.

As of now, despite all the data being extremely positive on the crypto side, we are seeing a pullback due to global factors. Therefore, we can say that the global side will again determine where the price will reverse.

I believe that recovery will begin as soon as the impact of the news passes. As long as Bitcoin remains above the $100k support, I don't see any major issues, friends.