Let's take a look at the data first. Affected by Trump's tariff policy, major global markets have all fallen in the past two days. Bitcoin still fell to around $81,000 and received support again, and is currently maintained at $83,000. However, now it is only the Trump administration's unilateral tariff policy that has been released, and the countries subject to tariffs have not taken countermeasures. For example, Japan was subject to a 24% tariff, which led to the Nikkei index falling by 3 percentage points and China's overall comprehensive tariff increased by 67%. The two largest trading bodies in the world did not express anything.I believe that they will conduct research on this weekend to adjust the tariffs on imported goods from the United States.
In terms of trading volume, a total of 27,340 bitcoins were traded in the past 24 hours, with a turnover of $105.617 billion, which is the highest trading volume this week. From a short-term perspective, Bitcoin has fallen to $81,000 and received support, with about 5,000 bitcoins being bought. At the same time, the price of gold has also dropped from the last point of $3,150 per ounce to the current level of around $3,050 per ounce. It is best to wait for the response of the relevant countries before making any transactions over the weekend.
Data Analysis
Next, we move on to the technical analysis. From the 4-hour chart, after three bottoms of $81,000, the market rebounded. From a technical perspective, this is the short-term bottom, and the current $85,000 to $88,000 is also the location of the 200-day moving average. At the same time, the previous high fell at $88,000. After this rebound, the price is at $83,000, which is at the regional peak in the small cycle.
The current value of the market's panic and greed index is 28, and it has fallen into panic again. The transition from neutral to panic within two days is more like a simple numerical change. For the market, wide fluctuations indicate that the decline is about to come, and some speculators will continue to be washed out at the bottom.