Trump's new tariff threat has shaken the market: BTC is trying to maintain stability around $95000

The President of the United States, Donald Trump, announced plans to reignite the trade war and impose mutual tariffs. This move targets countries such as India, Brazil, and Vietnam, which could exacerbate global economic uncertainty and trigger a new round of volatility in the BTC market.
Trump announced that he will take equivalent measures against countries that impose high tariffs on imports to the United States. This decision is expected to directly impact developing countries and may create tensions in global trade relations.
Especially in trade negotiations with India, some tariffs are expected to be reduced, while trade relations with China and Mexico remain uncertain. Economists point out that new tariffs may increase the prices of imported products in the United States and exacerbate inflationary pressures.
Trump said in a post on Truth Social: "We've had three wonderful weeks, perhaps the best, but the truly great day is today: reciprocal tariffs! Let America be great again!" These words have attracted attention.
Bitcoin and the impact on the market
Bitcoin is considered a safe haven in times of economic uncertainty, but in the past, it has reacted sharply to Trump's tariff statements. Before the announcement of tariffs in February, BTC fell from $102,000 to $91,000, but quickly rose to $98,000 the next day.
Currently BTC is trading at $95,862 and has dropped by 2.20% in the past 24 hours.
The highest price is $98.083, and the lowest price is $95.336.
The relative strength index (RSI) is currently 42.43, below the neutral level of 50. This indicates that the bear market is controlling the market.
The MACD indicator also issued a negative signal, and BTC trading is below the 20-day exponential moving average of $98.406.(EMA)
Will BTC face a new round of selling pressure?
People believe that Trump's trade policy may cause significant fluctuations in the BTC and cryptocurrency markets. Similar remarks have previously led to a sharp drop in the BTC price, followed by a rapid rebound.
Recent global market uncertainty and US inflation risks may have a decisive impact on the trend of Bitcoin (BTC). Along with the key support level of $93,400, the possibility of a strong rebound for BTC after a pullback should not be overlooked #市场回调，哪些可以逢低入场？ #本周周末行情分析 #Gate.io与F1红牛车队达成战略合作