Bitcoin is now sitting on its last major support after sweeping large liquidation clusters between $96K–$98K.
Last week’s dump was extremely aggressive, which makes the current structure fragile. Because of that, I’m not confident taking long positions from this level yet.
⚠️ Caution is advised until we see clear confirmation or a strong reclaim.
Sentiment has flipped fast from neutral to panic. History shows: 🔹 Extreme fear = late sellers, early buyers 🔹 Smart money usually accumulates when retail is scared
This doesn’t mean bottom is in — but it does mean risk-reward is improving.
🧠 Fear creates opportunity. ⚠️ Just don’t go all-in blindly.
🚨 Why Is Trump Threatening Canada With 100% Tariffs Over China?
Donald Trump has warned Canada that if it signs special trade deals with China, the U.S. could respond with 100% tariffs on Canadian exports. This is not just political noise. It’s an economic pressure move. Here’s what’s really going on 👇 🇨🇦 Canada’s Vulnerability Canada sends 75–76% of all its exports to the U.S. That’s over $450 billion per year. A 100% tariff would instantly make most Canadian goods uncompetitive in the U.S. market. Sectors at risk: • Autos & auto parts • Energy exports • Aluminum & steel • Manufacturing Trade with the U.S. equals roughly two-thirds of Canada’s GDP when you include indirect exposure. This makes Canada extremely sensitive to U.S. trade retaliation. 🇺🇸 Trump’s Core Fear: Trade Routing The real concern isn’t Canada itself. It’s China using Canada as a back door into the U.S. If Canada signs favorable trade deals with China, Chinese companies could: • Ship goods into Canada • Relabel or lightly process them • Re-export them into the U.S. • Avoid U.S. tariffs on Chinese goods Trump calls this using Canada as a “drop-off port.” And from Washington’s perspective, it would break U.S. trade policy against China. 📉 We’ve Already Seen the Damage From Much Smaller Tariffs In 2018–2019: • U.S. imposed 25% tariffs on Canadian steel • 10% tariffs on Canadian aluminum Result: • Canadian steel exports to the U.S. fell 41% • Aluminum exports fell 19% • ~$16.6B CAD of trade was disrupted • Production cuts, job losses, higher costs, slower supply chains And that was with just 10–25% tariffs. Now imagine 100% tariffs. 🇨🇳 Why Canada Still Wants China Canada is trying to diversify away from over-dependence on the U.S. China: • Buys major volumes of Canadian canola & seafood • Is key to EV & battery supply chains • Offers long-term growth demand From Canada’s perspective: ➡️ This makes economic sense. From the U.S. perspective: ➡️ This looks like a strategic threat. ⚠️ Bottom Line Canada is stuck in the middle of the U.S.–China trade war. If it leans toward China: • It risks massive U.S. tariffs • Severe economic shock • Market instability If it stays tied only to the U.S.: • It remains dangerously dependent on a single trading partner This isn’t just politics anymore. It’s a macro-level trade conflict that could hit: • North American supply chains • Equity markets • FX markets • Commodities • Global risk sentiment