**BITCOIN → False Breakout Above $110K? Market Sentiment Shifts**
**BTC/USDT** surged to a new all-time high near **$112K**, fueled by positive economic and fundamental developments. However, the rally was short-lived as **Trump’s latest policy announcement** triggered market volatility.
### **Key Market Drivers:**
- **Trump’s New Tariffs:** The former U.S. president announced **50% tariffs on EU imports**, sparking a risk-off reaction across markets.
- **Risk Sentiment Shift:** While markets partially recovered, the **long-term implications** remain uncertain. Increased tariffs could heighten economic risks, potentially driving capital into **safe-haven assets like gold**—pressuring **BTC and equities**.
### **Technical Outlook:**
- **False Breakout?** Bitcoin briefly surpassed the **$110K resistance** (previous ATH) but failed to sustain momentum.
- **Bearish Signals:** Price action suggests a **short-term pullback**, aligning with shifting fundamentals.
- **Critical Zones:**
- **Resistance:** **$109.8K - $110.3K** (liquidity zone)
- **Support:** **$106.8K - $105K** (key demand area)
### **Possible Scenarios:**
1. **Bearish Consolidation:** If **$110K holds as resistance**, BTC may trade in a **$105K - $110K range**, confirming a false breakout.
2. **Bullish Breakout:** A **strong close above $110.3K** could reignite upward momentum, targeting **$112K+**.
### **Final Thoughts:**
- **Short-term caution** is warranted amid geopolitical risks.
- **Monitor price action** around **$105K - $110K** for the next directional move.
**Trade responsibly and manage risk!** 🚀
**Stay tuned for updates.**
