#USElectronicsTariffs Sure! Here's a Binance feed post using the hashtag #USElectronicsTariffs:
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The U.S. has just announced new electronics tariffs targeting key imports. This could shake up tech stocks, impact global supply chains, and even affect crypto mining hardware costs.
Smart traders are already watching related assets closely — are you?
BTCUSDT – 4H Timeframe Market Update Current Price: ~$69,800 Trend: Sideways consolidation within bullish structure
Technical Overview: Bitcoin is currently consolidating below the key resistance at $70,200, forming a bullish flag pattern on the 4H timeframe. Price is holding above the dynamic support of the 50 EMA, indicating buyers are still in control.
Key Levels:
Resistance: $70,200 – Breakout zone
Major Support: $68,500 – Strong demand area
Trendline Support: Holding from April 3 low
Breakout Target (on confirmation): $72,800 – $73,500
Indicators:
RSI: 56 – Healthy, room for upside
MACD: Bullish crossover building
Volume: Decreasing slightly – breakout likely on next volume surge
Outlook:
Bullish Scenario: Break and close above $70.2K with volume opens the path to $73K
Bearish Scenario: Drop below $68.5K could trigger a correction toward $66.5K–$65K
Trade Plan (Not financial advice):
Long: On 4H candle close above $70,200
TP: $72,800 / $73,500
SL: $68,400
Short (Aggressive): If price fails at resistance with rejection wick
TP: $68,500 / $66,800
SL: $70,300
Summary: BTC is at a key breakout point. Structure remains bullish above $68.5K. Watch for volume confirmation before entering.
Trading activity typically slows down over the weekend, so I don’t anticipate a break below the Support Zone and Potential Reversal Zone (PRZ) between $82,340 - $82,000. That said, it's important to stay prepared for all possibilities.
Currently, Bitcoin is hovering near the support area and PRZ. Following the breakdown of a Failed Falling Wedge Pattern, BTC has experienced a downward move over the past few hours.
Educational Insight: In technical analysis, when a reversal pattern fails, it often turns into a continuation pattern, extending the prior trend.
My current outlook suggests that Bitcoin may attempt an upward move soon, potentially targeting the levels marked on the chart.
Caution: If BTC falls to $81,900, it could signal further downside pressure.
Let’s keep the discussion respectful—feel free to share your thoughts, whether you agree or see things differently.
Friendly Reminders:
Always use a stop-loss for every trade.
Stick to your own trading strategy and updates.
This is not financial advice—just my personal view. I’d love to hear yours too!
Don’t forget to like and share this post with your fellow traders.
Stay updated, stay smart—trade safe!
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