The United States has announced a spectacular 104% tariff on Chinese products at noon on Tuesday, April 9, 2025. This decision is a significant escalation in the trade war between the two countries, following the previous threats of the White House. The new price comes in response to China’s failure to remove reprisals on American exports.
The price of Bitcoin faces a critical test
Bitcoin struck a critical support area, which traders followed closely. The price of the cryptocurrency tests a key range between $ 75,152 and $ 77,672. This is an important level for Bitcoin – if the price is here, there could be a rebound. However, there is still a chance that Bitcoin could drop before any recovery.
The action of short -term bitcoin prices is still uncertain. If Bitcoin can exceed the $ 81,282 mark, this could report a change to a more optimistic trend. But for the moment, a brief jump above this level would not be enough to confirm a major trend reversal. A more convincing break greater than $ 83,792 would be necessary for a stronger bullish signal.
Should you buy the drop?
In an interview with Coindesk, Glen Goodman, a merchant and author of Crypto, recently shared his reflections on the question of whether investors should buy Bengard on the cryptography market following a recent accident.
- Avoid catching a falling knife: Glen explained that when prices drop quickly, it is risky to try to buy, as it can cause losses. The expression “do not try to take a knife in fall” is often used in trading, warning against the purchase too early during a sharp decline.
- Wait for stabilization: Glen suggests waiting for the market to stabilize before making movements. He prefers to see the market build a base and show signs of recovery with higher highs and higher stockings, rather than jumping during a potential “bull trap”.
- Long -term perspectives for Bitcoin: The expert has also discussed Bitcoin’s longer -term potential, noting that although it is too early to conclude whether the Haussier market is finished, the Bitcoin trend has been strong since 2023. However, the recent decreases raises questions on growth in growth of the same rate.
