On Saturday (2.1), Trump signed an executive order imposing a 25% tariff on steel and a 10% tariff on China. Immediately after the weekend, the cryptocurrency market turned bearish, and the btcdaily candlestick is currently in a downtrend. However, the daily candlestick has already had three consecutive declines, so it is not suitable for chasing short positions. A short position can be taken if it retraces to 10,000-10,270.

sol always adjusts one step before btc, and the rebound from the bottom will also be one step ahead. The daily candlestick macd is about to return to zero. The 202.25-196.85 area is generally strong for a rebound, with the maximum resistance range between 223-227.
Recently, the market is still mainly dominated by bears, and many people even pessimistically believe that the bull market has ended and officially entered a bear market. Indeed, the short-term market is not ideal, and the difficulty has increased. However, the bull market has not ended, and the faith in the long-term cycle of BTC is unshakable. Although the imposition of tariffs is bearish, it only has a short-term impact, and the market has strong digestion capability. In 2017, Trump also imposed a 10% tariff on China, and the price of BTC soared from $1,000 at the beginning of the year to $20,000 in mid-December. (December 2017 was the highest point of the second halving cycle of BTC, reached 17 months after the halving day).
Short-term needs to endure. There will be two more interest rate cuts within the year, which is the time for the rise of the bulls. However, after the last interest rate cut is implemented, it will basically be the end of this bull market.
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