The market is never short of surprises, just as Trump’s tariff policies were ruled illegal, Bitcoin’s overnight surge past $108,000 again proves that in the crypto space, black swans are our best friends.

On August 29, Eastern Time, the U.S. Federal Circuit Court dropped a bombshell: ruling that most of the global tariff policies implemented by Trump were illegal. This ruling not only overturns a trillion-dollar global trade pattern but also injects strong momentum into the cryptocurrency market.

After the announcement, Bitcoin rose by 0.15%, approaching $108,000, then quickly expanded its gains to 0.53%, nearing $108,400. This response not only shows the market's high sensitivity to changes in the global trade environment but also hints at a possibly larger market trend coming.

Market Sentiment: The Alternating Symphony of Panic and Greed

Whale sell-offs trigger market panic. Before the announcement of the tariff ruling, the market was actually not calm. A whale account holding a massive amount of digital assets suddenly sold 24,000 Bitcoins, worth over $2.7 billion, causing a shocking impact on the entire cryptocurrency market.

This large-scale sell-off reflects the cautious attitude of some large holders regarding short-term market trends, especially in the context of current macroeconomic uncertainty.

The tariff ruling became a turning point. Just as the market fell into panic, the news of the tariff decision was like timely rain, instantly reversing market sentiment. Bitcoin rebounded strongly from an intraday low of $112,652, closing at $108,747.

Market sentiment is like a pendulum, swinging between panic and greed. Wise investors buy during panic and sell during greed—today's tariff ruling is that strong hand that can swing the pendulum back.

Market Direction: Cryptocurrency opportunities under tariff uncertainty

Trump criticized the appellate court ruling on social media, claiming it “erroneously” called for the cancellation of tariffs and emphasized that the current tariffs are still in effect. A White House spokesperson also promptly stated that President Trump is exercising the tariff power granted by Congress.

This policy uncertainty has instead become a catalyst for cryptocurrencies. Reviewing the U.S.-China trade war from 2018 to 2020, Bitcoin fell initially during the tariff war but surged significantly during the pandemic combined with inflation expectations in 2020, ultimately breaking through $20,000.

History may not repeat itself simply, but it often carries similar rhythms. If the Supreme Court upholds the original ruling, Trump's tariff empire will crumble, and the global market may welcome a carnival—Bitcoin is destined to be the most dazzling protagonist in this feast.

Operational Strategy: Key Positions and Survival Guide

Bitcoin is currently at a critical technical turning point. Here is the analysis of key positions:

Support Level: $107,000 is an important recent support. If it breaks, the next support is at $106,000 (the 0.382 golden ratio line of the entire fifth wave) and $105,000.

Resistance Level: $112,500 is the recent resistance level, and breaking through it may challenge $115,000 or even higher.

Watershed: The area around $111,000 is a key watershed for market sentiment; stabilizing at this level means the market still has upward potential.

Practical Investment Advice:

For short-term traders: consider building positions in batches around $107,000, set stop losses below $106,000, and aim for the $112,000 to $113,000 area.

For long-term investors: Every pullback is an opportunity to build positions gradually, with a focus on major coins like Bitcoin and Ethereum.

Survival Tips:

Always set stop losses: Recently, the market has been quite volatile, so it’s essential to set appropriate stop loss levels to protect your principal.

Pay attention to the economic calendar: Mark the release times of important U.S. economic data, especially key indicators like GDP and PCE inflation.

Diversified Allocation: Consider spreading investments across other major cryptocurrencies besides Bitcoin.

Trading Psychology: How to Avoid Being Market Fodder

In this increasingly volatile market, staying calm is the greatest competitive advantage. When everyone is greedy, you should remain fearful; when everyone is fearful, you should see the opportunity.

The market always quietly finds its bottom when everyone is despairing and silently builds its peak when everyone is celebrating. Although the current tariff ruling has brought a short-term rise, we must be alert to the fact: good news turning into bad news.

Successful trading is not about predicting the future, but about constantly adjusting your strategy based on market changes. Just like today’s tariff news, those who positioned themselves early have made substantial profits, while latecomers risk being stuck in losses.

The legal ruling puts a question mark on tariff policies but ignites the engine for Bitcoin's rise. As the case continues to be appealed to the Supreme Court, the global trade system stands at another crossroads.

Regardless of the final outcome, the cryptocurrency market has once again proven its sensitivity to global political and economic factors—Bitcoin is not only digital gold but also a barometer of global liquidity.

In this uncertain era, only those investors who can respond flexibly to change and strictly control risks can laugh last. Remember: the market always rewards those who are patient and disciplined while punishing those who blindly follow trends and are driven by emotions.

The tariff storm is just the prologue, the stage for Bitcoin has just been set—$108,000 is not the endpoint, but a new starting point. Only by grasping the pulse of the market can one ride the waves in the cryptocurrency tide.

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