The crypto world is becoming "Trump-like", be cautious when chasing the price as shorts face liquidation! Thoughts on BTC and ETH for the evening of April 12.

The U.S. Customs and Border Protection (CBP) quietly released an updated tariff schedule on the 11th, exempting the import tariff rates for categories of goods including automatic data processors, computers, communication devices, monitors and modules, and semiconductors, unaffected by "reciprocal tariffs." Some goods may be exempt from "reciprocal tariffs" if they meet the classification numbers specified in the U.S. Harmonized Tariff Schedule. Following this news, BTC broke through 85000, and ETH broke through 1650. The crypto world has completely become Trumpified, short positions have already stopped out, and those who are following should also set stop losses well, do not hold onto positions!
Although the Federal Reserve has no plans for a short-term interest rate cut, the daily trend has successfully built a bottom, with 74000 being held. Plus, with Trump changing his mind every day, he completely controls the market. First, he suppresses the globe with tariffs, then he boosts the market with a new idea every day, harvesting globally! Repeatedly harvesting!
The spot ETF market continues to see capital outflows, with nearly 10 dollars withdrawn this week. This reflects the high level of market panic under the Trump administration's policies, with funds fleeing to safe havens. Although there was a rebound this week (which is, of course, also part of Trump's trap), the inflow of funds is relatively small, far less than the outflow.
In addition, due to poor data performance, both CPI and PPI this week fell short of expectations, but the US stock market strengthened (of course, this is also manipulated by Trump, and there are publicly leaked videos of White House meetings). This indirectly boosted the crypto world, breaking through the upper resistance continuously!
So Conan believes that the coin price rebound is completely controlled by Trump. Without positive support, everyone should be cautious about chasing the price. Although the bearish sentiment has been swept away in the past two days, Conan still remains optimistic about the bearish outlook. Therefore, Conan has a long-term bearish view! The upper pressure levels to watch are 85500, 87300, and 88500, while the lower support levels to watch are 82000, 81000, 80000, 79000, 78400, 75700, and 74500.
4.12 BTC evening operation strategy: Aggressive traders enter short at the current price of 84800-85500, while conservative traders enter at 86000-86500, with a stop loss around 87500. The short-term target is 82000-81000-around 80000, while the medium to long-term target is around 79000-78000-77000-76000-75000.
4.12 Evening operation strategy for ETH: Aggressive traders should short at the current price of 1660-1680, while conservative traders should enter at 1700-1720, with a stop loss around 1750. The target is set at around 1600-1550-1500, and if broken, it may reach around 1450-1400.
Long position strategy: Over the weekend, if BTC pulls back to 80000-80500 for the first time during the day, you can enter a long position, with a stop loss at 79000, targeting around 81000-82000-82500.
Enter around 1540 for ETH, defend at 1500, and target 1580-1620.
Conan is bearish in the long term. Everyone who is bottom-fishing and going long can slowly move their stop losses to lock in profits and prevent the bears from gaining strength! There is no positive support, it completely relies on the statements made by the government and the proposed policies. Everyone should be cautious when chasing the price!