#ETH Update Price is losing momentum here and showing bearish aggression. Expecting a downside move from here towards marked demand zones. 1228$ is next demand for ETH
Daily Share project which will be strong to buy in dip. Sharing a few CMP entries I just bought. I buy in 2–3 parts on 10–12% dips. SL: -10% from average. TP: every 5% move. These are some Limits
Daily Share project which will be strong to buy in dip. Sharing a few CMP entries I just bought. I buy in 2–3 parts on 10–12% dips. SL: -10% from average. TP: every 5% move.
What Is TARIFF? (Today, Wednesday, April 2nd, is the TARIFF announcement)
What exactly is a tariff? Why has the crypto market been declining due to it, and why is gold surging?
Since former President Trump took the oath of office, the tariff battle between multiple countries has intensified. But what is a tariff, and how does it work?
In simple terms, a tariff is an import or export tax. When one country trades with another, additional charges imposed on goods are called tariffs.
For example, if Pakistan imports a product from the U.S. and there is a 5% tariff, everything proceeds as usual. However, if the U.S. suddenly announces a 20% tariff, it becomes a financial burden for Pakistan. More money is drained from the national treasury, and to compensate, the government increases taxes on the public, affecting the entire economic system.
Recently, President Trump has imposed tariffs on several countries. In retaliation, some of these countries have also imposed tariffs on the U.S., leading to significant financial shocks even for America itself.
Today, on Wednesday, Trump is expected to announce new tariffs, making this a crucial day and event for the market.
It is important to note that the U.S. is considering imposing tariffs on more than 25 countries. In response, nations like China, Japan, and others are planning retaliatory tariffs against the U.S. If multiple countries unite against America with tariffs, it could deal a severe economic blow to the U.S.
It is worth remembering that this tariff war was initiated by Trump himself, and it may ultimately backfire on him.
Now, how does this relate to crypto and gold? When a country is hit with tariffs, it must pay additional taxes. To do so, it may liquidate assets such as Bitcoin or stock investments to generate funds. As a result, major investors in that country panic and start selling their assets to avoid losses, triggering market dumps.
I hope this explanation clarifies what tariffs are and how they impact the market. #BTC
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The market remains unstable as long as we don't see a strong daily close above the 86.2K breaker area. Until then, we’ll continue ranging between 86K and 81K on higher time frames, while key levels for lower time frames are 82.2K and 84.8K.
Risk management is crucial within these levels.
BTC dominance faces resistance around 62.5%. A decline in dominance and BTC stability could lead to a 10-20% appreciation in altcoins.
Now understand this—when just one or two tariffs were enough to cause a significant market dump, the market has gradually started to ignore this tariff news as well.
But this tariff is going to affect more than 25 countries. If this happens,
It could give the market a major shock.
Show some love for more such news and updates.
You’ll get timely updates on what has happened and what’s about to happen.
I am posting killer update about bitcoin #BTC in a while stay connected and follow me for upcomming and latest market updates and coins analysis, signals, news, and many more #BTC🔥🔥🔥🔥🔥