#BTC Market Update: Trump announces the suspension of tariffs for 90 days💣


A news that caused U.S. stocks and BTC to rise sharply.
First, the conclusion:
➡️ The high-level bearish outlook remains
➡️ The price has currently been transmitted to Monday's maximum
➡️ If a strong taker sell appears that pushes the price below 81.2 K, it will be a short-term risk.
➡️ Down 74.4 K still has a high probability of reaching
//
🟡 The high-level bearish outlook remains
That old saying, although it is said that Trump is the biggest uncertainty at this moment,
But the trend of crypto has not been created by him alone, but is the result of accumulation and evolution over time.
My point of view remains the same: as long as there is no phenomenal benefit, a bearish perspective still holds.
//
🟡 The price has been transmitted to Monday's maximum.
Monday High ( Low ) refers to the high and low price of the daily line for Monday,
In short, the Monday High / Low can be considered as a liquidity concentration point,
Therefore, there is the possibility of being hunted (
Currently, the price of BTC has risen to Monday's high due to news of Trump,
However, the Monday Low at the bottom has not yet been touched, the risk of a pullback remains.
//
🟡 Focus on whether a strong taker sell appears
Following the above, if a strong seller (taker) appears right now and pushes the price below 81.2 K,
which indicates that there may have been a liquidity hunt (Stop Hunt).
At this moment, there is a greater risk of a pullback in the short term⚠️
Of course, if a taker sell does not occur, then this risk does not exist.
//
🟡 Written at the end
I scoff at any increase caused by news about Trump,
Unless it is a benefit of certainty at a phenomenal level, uncertainty will always be present.
Coin issuance, strategic reserves, ... among other achievements are too numerous to detail.
Fool me once, shame on you.
Fool me twice, shame on me.
Maintain a focus on high-level trends, all current existing risks,
There has not been an essential change due to this phrase he said.
Stay cautious.
BTC-1,9%
TRUMP-0,42%
POR-1,85%
UNA-2,17%
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