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EU Retaliatory Tariffs May Lead to Bitcoin Pullback to $75,000
The EU's latest retaliatory tariffs have intensified macroeconomic uncertainty, prompting increased volatility in Bitcoin prices, which may dip below the critical support level of $75,000.
On March 12, the European Commission announced that the EU would impose counter-tariffs on $28 billion worth of U.S. goods starting in April, in response to President Trump's recent imposition of a 25% tariff on imported steel and aluminum. This move is the latest retaliatory tariff statement against U.S. import tariffs and could trigger new trade war concerns and market volatility in the short term.
Counter-tariffs are not a positive signal, as they indicate that the other side may rebound again. This may cause Bitcoin's price to re-test $75,000 from $83,855. A temporary pullback of Bitcoin's price below $72,000 in the current bull market cycle is part of a 'macroeconomic adjustment,' after which Bitcoin is expected to continue its upward trend.
⚠️⚠️ Live stream in 15 minutes, let's talk about the upcoming market trends The short position made a profit of 33,000 points, and has now been closed, currently in a flat position. Finally, let's summarize all the operations that led to the short position profit of 30,000 points. When shorting at 106,000, I was directly looking at a drop below 88,000. Then I realized that it wouldn't drop below 90,000 all at once, but would have a sawtooth decline afterwards 📉 1️⃣ Decisively closed the short position at 94,000 for a profit. 2️⃣ Re-entered the short position at 102,000 after closing the short at 94,000. 3️⃣ After holding the short position at 102,000, I realized there would be another rebound, so I continued to close the short position at 94,600 for a profit. 4️⃣ Reversed to go long at 94,600 to capture the rebound, reached 98,000, and then closed the long position at 98,400, reversing to re-enter the short position at 98,400 for a profit. 5️⃣ All the way back to the initial plan of shorting at 106,000, completing the profit-taking of the three short positions at the high of 88,000. Not missing a single wave, capturing the entire downward trend, responding to market movements, continually taking profits on shorts, re-entering at higher levels, while also inserting two small long positions to capture rebounds, ultimately achieving my ultimate goal of shorting from 106,000 to 88,000. All operations and trades were publicly disclosed in advance, and the image below has compiled the corresponding disclosures and position charts⬇️
Tips for safe withdrawals are out, please keep them in mind!
1. If it is an idle card, be sure to confirm the card status before receiving the money. The operation is very simple. Just transfer a few dollars on the bank's mobile app and you will know everything clearly.
2. When choosing a currency trader, if you encounter a price inversion, that is, the purchase price is higher than the selling price, it is definitely a trap of black U and running points. Don't be greedy for that little bargain.
3. Make sure that the other party uses your bank card for the transaction. Once it is found that the transfer is not from your bank card, it must be returned immediately and the transaction must be terminated decisively. Moreover, before the transaction, the merchant's funds must have been deposited for more than 3 days.
4. The bank's risk control rules may change at any time. At present, it is relatively safer to deposit funds for more than one week.
5. When the currency trader shows proof of the source of funds, don't trust static pictures, because it is too easy to be faked by PS. It is best to confirm the dynamic refresh of the bank card flow through real-time video.
6. The money borrowed through the bank lending platform is relatively clean. As for the specific reasons, you can think about it carefully.
7. If conditions permit, give priority to trading with local acquaintances.
Special reminder, never use your salary card, social security card and mortgage card to withdraw money. Once these important cards are frozen, it will seriously affect your daily life and bring countless troubles!