After the "Black Monday" global stock market big dump, the financial market continues to fluctuate. Trump's new round of tariff policies has triggered a surge in global risk aversion, and gold quickly plummeted after a rebound, leaving the global capital market in a state of despair. Today's tariffs officially take effect, leading to a big dump in the global financial market, with crypto assets also experiencing an epic pullback. The most affected is Ethereum, which has fallen to levels not seen since January 2023 and shows no signs of stopping. Trump has sold Ethereum again, causing further damage as the price has dropped from over $4,000 to a 67% pullback now. Other alts are in a similar state of disarray, and with the current performance of crypto-related stocks being mixed, most mining companies and platform stocks are under pressure, while a few companies are rising against the trend due to listing expectations. Traditional stock markets also show a pattern of rising and then falling back, indicating that risk assets are facing overall pressure. In this complex international economic and trade environment, market participants should closely follow policy trends and liquidity changes and rationally assess the long-term trends amid short-term fluctuations. The crypto assets market may need more time to digest external factors before forming a new trend.

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Bitcoin rebounded after testing support twice in the early session, with the price reaching a high of around 77900 in the afternoon before pulling back. Now looking at Ethereum, it also started to rebound after hitting a low of around 1406 during the midday, currently testing a high of 1495 before retreating. In terms of the short-term pattern, there is still some strength in the bulls for a rebound, but the trend reversal is not something that happens overnight. The impact of tariff policies has not completely dissipated. Although the short-term has shown a double bottom pattern initiating a rebound, the larger trend remains in a bearish structure. In the evening session, focus will be on the market sentiment linked to the opening of the US stock market. The short-term trend is still within a typical bearish trend channel, and the rebound has been falsified, with no strong support confirmation appearing yet. Meanwhile, the moving average system and the candlestick structure create dual pressure, further complicating the upward movement. The bearish outlook remains unchanged for the evening.