Market Mayhem: BTC and ETH Caught in the Crossfire of Escalating Tariff Tensions

BTC0704

It’s been absolute mayhem across global markets over the past few days, as the ongoing tariff war continues to escalate with each passing headline. This growing uncertainty has cast a shadow over investor sentiment worldwide, and the crypto market has been no exception.

Bitcoin (BTC) has taken a significant hit, plummeting over 10% during this turbulent stretch. Altcoins have fared even worse, with widespread losses and heightened volatility. The sharp downturn underscores how macroeconomic fundamentals have firmly taken the driver’s seat, overwhelming technical indicators that have so far struggled to provide reliable direction.

As of this writing, BTC is trading in the $76,000 range. While immediate support lies near the $75,000 level, there is growing skepticism about its ability to hold if the broader market panic continues. Should selling pressure persist, we believe a deeper correction toward the $68,000 region is likely—this level could act as the next significant support zone and a potential pivot point for medium-term price action.

Interestingly, this unexpected downturn has caught many market experts off-guard, highlighting just how disconnected traditional models can become during periods of macro-driven instability.

For long-term investors, this dip may present a compelling opportunity to accumulate BTC at a discount. However, given the ongoing volatility, risk management is critical. Those entering the market now should ensure they’re setting stop losses wide enough to absorb short-term swings without being prematurely triggered.

In uncertain times like these, composure, conviction, and calculated entries are key.

ETH0704

No surprises here—Ethereum (ETH) has taken a sharp dive alongside the broader crypto market, shedding more than 20% in just the past few days. This correction was not entirely unexpected; we’ve consistently highlighted that ETH remains one of the more vulnerable assets among the major crypto tokens. That outlook has once again been validated.

Technically and psychologically, the $2,000 level has proven to be a formidable resistance zone. Despite multiple attempts, the bulls have failed to gain any meaningful traction above this mark. As of now, ETH is trading below the $1,500 level, underscoring just how quickly sentiment has deteriorated.

Looking ahead, we don’t anticipate any significant rebound in the short term. Even in the event of a broader market recovery, Ethereum’s upside is likely to remain capped. The $2,000 level continues to loom large as a major hurdle, and any rallies toward it may be short-lived unless there is a fundamental shift in macro or on-chain dynamics.


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