Türkçe
Español
As the cryptocurrency King, Bitcoin 
$105,003, hovered around the $79,800 mark, continuous commentary on market dynamics persisted. U.S. futures showed signs of recovery before market opening, suggesting a potential halt to recent selling trends. What do expert predictions indicate for cryptocurrencies? Will China be cornered by Trump’s latest moves? These questions, along with a current analysis of graphic trends, form the focus of this discussion.
China’s Tariff Response
Last week, China urgently announced retaliatory measures following Trump’s declaration of a 50% additional tariff effective April 9. Furthermore, the summary of his recent statements included threats to close the door on negotiations with this new retaliation. Shant Manukyan referenced an article reflecting the views of the Chinese Communist Party regarding China’s motivations.
“People’s Daily serves as an important source reflecting the Party’s views. This morning, they published an opinion. In summary, they state;
Let’s focus on our work, we will struggle, but it’s not the end of the world. Since the first war, the share of the U.S. market in our exports has decreased. The U.S., in some respects, is entirely dependent on us.
Since 2017, the Chinese economy has been stable, with PMIs recovering, technology production accelerating, expectations stabilizing, and in light of U.S. uncertainties, China appears as a safe harbor.
We have measures against U.S. provocations. Some of these include the increased budget deficit limit and important industrial support through bond issuances. If necessary, monetary policy can be activated.
In light of developments, we continue our strategy of making consumption the main engine of growth. As President Xi stated, the Chinese economy is not a pond but a vast ocean.”
The Chinese President stated moments ago;
“This year’s macroeconomic policies of China have fully considered various uncertainties and possess adequate reserve policy tools.
China’s decisive measures are aimed not only at protecting its sovereignty, security, and development interests, but also at defending international trade rules and international justice and fairness.”
In summary, China appears prepared for U.S. retaliation and is convinced that the U.S. will be the one to back down.
Crypto Chart Analysis
As the European Union signals an increase in energy imports, Trump urged them to buy more energy from us. This has become one of the most supportive news items in the last 24 hours, although the EU continues to prepare tariffs for Monday. Following the rejection of news about a 90-day tariff delay, we might witness new retaliations (beyond China) that could reverse the current trend.
As of the writing, analyst anlnc1 noted a recovery in Coinbase (representing U.S. investors). Particularly for ETH, surpassing the sales peak is seen positively, while Binance (reflecting global investor sentiment) continues to maintain a sales-driven outlook.
Efloud shared a comprehensive assessment in the last 24 hours. Monitoring this analysis may be beneficial, as understanding yesterday’s predictions in light of today’s current status could provide valuable insights. A renowned analyst stated that they had not encountered such a complete catastrophic situation in a long time and shared their thoughts on the long-term BTC outlook;
“Unfortunately, the loss of the 4H Demand Zone, which has worked as support multiple times, has led the price towards another HTF support area between $72K and $69K. The new support area of significance for me will be this range. Until the 4H (4-hour) Demand Zone is reclaimed (in its current state), my bearish outlook will persist.”
For ETH, the transition of the range between $1600-$1720 into a resistance zone is concerning. They predict that the negative outlook will continue until the threshold of $1,820 is reclaimed, paying attention to a long-term (HTF) support point at $1,280. With ETH lingering at $1,572, this area appears attractive for short selling if their assumptions are correct.
The analyst emphasized caution for altcoins that have decreased to attractive price levels.
“I have not pre-purchased any altcoins I shared ($DOGE, $LINK, $ENA, $SUI). Almost all have reached HTF support zones, but the trend, especially for altcoins, has been bearish for a long time, and it remains uncertain how much longer market sell-offs will continue. Therefore, I will not consider new purchases without seeing positive signs in shorter timeframes (like breaker, mitigation, SFP, etc.).
There’s no need to catch a falling knife, unless you have extensive experience with it.”
BTC market dominance continues to approach the resistance level of 68.
