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🔥 Trump tariffs implemented, global assets plummet! Bitcoin shooting star and inverted hammer! TSL benefits!
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Trading Warning: Stop-loss is not weakness; holding onto a losing position is a deadly poison.
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Investment is a process of continuously understanding things, whether from top to bottom or from bottom to top, and the fundamental purpose is to recognize the essence of things and grasp the objective laws of their development. The more information you have about the development of things, the deeper your understanding of the laws, which will be more beneficial to your investment decisions.
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🔥Trump's tariffs are in effect: Trump really knows how to stir things up. At first, when he announced a 10% reciprocal tariff, the market was a bit excited, and Bitcoin once had hopes of hitting $90,000, with the US stock market also seeing a significant rise. However, Trump's statements have become increasingly distorted. It turns out that the tariffs are based on a 10% reciprocal adjustment, meaning the tariffs of other countries on the US, divided by 2, will be the tariffs the US imposes on other countries, with a minimum of 10%.
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In other words, if any country has a 10% tariff on the United States, then the U.S. will also impose a reciprocal tariff of 10% on that country, but this does not include automobiles, as the tariff on imported cars is a flat 25%. Of course, there is a bug here; Trump also acknowledged that investing in factories in the U.S. and expanding employment can offset tariffs. I remember that South Korea's Hyundai promised to build a plant in the U.S. and provide over 1,400 job opportunities, and at that time Trump said he would exempt Hyundai from tariffs.
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Of course, this information is favorable for American car companies, as the cost of imported cars has risen, and TSL rose by 5.3% at closing. The market share is shown in the following Figure 1.
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Bitcoin was affected by tariffs early yesterday morning, forming a shooting star and inverted hammer, and once again tested the support at the 82000 range. A bearish engulfing pattern formed on the four-hour chart, with a long wick candle closing, indicating that negative news has fully landed. The 80,000 level remains the strongest short-term support. Next, we will enter a bottom-building trend until a U-shaped reversal occurs. The Asian session saw a slight rebound, and attention should be paid to the price action at the opening of the US stock market in the evening, with expectations of a small-scale shooting star and inverted hammer appearing in conjunction with the US stocks.
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🔥 The trend explanation is as follows in Figure 2:
1-4 is the structural trend path
5-11 is the buying and selling area.
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Regarding the pullback in the previous segment, the range between 0.5 and 0.618 is considered a buy-sell zone. Upon reaching this range, one can look for extensions of 1.382 to 1.618, or 2 to 2.618 (which are also buy-sell zones).
5 is the retracement buying zone of 0.5~0.618 for path 1, extending to 6 (1.382~1.618) selling zone to look for a reversal.
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7 is the retracement of path 3 at 0.5~0.618 (sell zone), extending to interval 8 (1.382~1.618) buy zone looking for a reversal.
8 is the extended buy zone of path 3 (1.382~1.618).
9 and 8 are overlapping buy zones, 9 is the retracement of path 2 at 0.5~0.618 (buy zone), looking here to expand to 1.382~1.618 (11) (93500~96000). If this overlapping buy zone range is broken, the structure will fail, but it has not been broken yet.
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10 is the extension 2~2.618 of path 4 (sell zone), and this sell zone overlaps again with the sell zone of 9 and 8, so a long position can be arranged.
The first segment retracement of path 4 is still 0.5~0.618, which is not marked in the diagram, here is a triple overlap.
#pi# #pepe# #xrp# #eth# #btc#