"The drop in tariffs helps the Bitcoin ETF outflow termination, and BlackRock has continuously purchased 705 million dollars for 10 days!"

“Liquidity is like oxygen; you don’t notice it until it’s gone, and then it can be instantly fatal.” ——Founder of Bridgewater Associates: Ray Dalio – “Principles” Principles of Masterpiece Principles

Due to Trump’s early morning comments on tariffs causing market turmoil, both the US stock market and cryptocurrencies experienced a noticeable pullback, with Bitcoin dropping from $88,000 to a low of $86,000. Currently, the price of Bitcoin is under pressure below the key resistance level of $88,000, and the next key support level is the daily 200-day moving average (EMA) of $85,500, which plays a vital role in the market. If Bitcoin can find support at $85,500, this will be a good opportunity to watch. On the other hand, if Bitcoin resumes its upward trend and successfully breaks through the current resistance level of $88,000, then the key resistance range above will be between $90,000 and $92,000.

Bitcoin and many altcoins are currently facing pressure at resistance levels, and we may see consolidation in the current area or a price pullback to the next support level before rising again. Then, from a longer time frame, the trend of the cryptocurrency market is still on a downward trajectory. Bitcoin needs to reclaim the support level of $90,000 and achieve a daily closing price above that level, forming higher highs to indicate a reversal of the trend.

The outflow of funds from Bitcoin spot ETFs has come to an end! From March 17 to March 26, the fund inflow of Bitcoin spot ETFs remained positive. After experiencing turmoil at the beginning of the month, the spot ETF market has achieved fund inflow for 10 consecutive days. Among them, the most notable is BlackRock’s Bitcoin spot ETF—IBIT, with a continuous net inflow of funds for 10 days, achieving a cumulative net inflow of 705 million USD. On March 18 alone, it attracted over 218 million USD in net inflow.

After Trump’s tariff rhetoric sparked panic, the S&P and Nasdaq fell below the 200-day moving average! Through a customs statement, Trump officially announced a 25% tariff on imported cars and auto parts, which will expand the global trade war, and the new tariffs will take effect on April 2 - Trump stressed that if cars are made in the United States, no tariffs will be imposed, which will greatly boost American jobs and investment. In addition, Trump stated that he would consider imposing higher tariffs if the EU and Canada take retaliatory tariff measures. This series of remarks has heightened market panic, creating a global environment filled with uncertainty.

Note: All content represents the author’s personal views only and should not be construed as investment advice, nor should it be interpreted in any way as tax, accounting, legal, business, financial, or regulatory advice. You should seek independent legal and financial advice, including advice regarding tax consequences, before making any investment decisions. #美国加征关税 #BTC trend analysis #BTC #btc trend $