Odaily News President Trump is expected to announce large-scale tariffs, including reciprocal tariffs, later on Wednesday. BRN Chief Analyst Valentin Fournier stated that Trump's speech is a key risk event as his remarks have been difficult to predict—swinging between threats of large-scale tariffs and commitments to restrained reciprocal trade policies. Given this uncertainty, volatility in the crypto market is expected to intensify, and there may be downside risks if market expectations fall short. It is advised to remain cautious and drop overall exposure to digital assets until tariff uncertainties are resolved.
Matt Mena, a cryptocurrency research strategist at 21Shares, appears somewhat optimistic. He stated that the most important thing is for BTC to stay above the $80,000 to $81,000 range; otherwise, the likelihood of retesting the recent low of $76,500 is increasing. However, BTC may consolidate between $81,000 and $85,000 until the full impact of tariffs becomes clearer. (Block)
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21Shares: It is crucial for BTC to stay above the $80,000 range, as the impact of tariffs is about to become clear.
Odaily News President Trump is expected to announce large-scale tariffs, including reciprocal tariffs, later on Wednesday. BRN Chief Analyst Valentin Fournier stated that Trump's speech is a key risk event as his remarks have been difficult to predict—swinging between threats of large-scale tariffs and commitments to restrained reciprocal trade policies. Given this uncertainty, volatility in the crypto market is expected to intensify, and there may be downside risks if market expectations fall short. It is advised to remain cautious and drop overall exposure to digital assets until tariff uncertainties are resolved. Matt Mena, a cryptocurrency research strategist at 21Shares, appears somewhat optimistic. He stated that the most important thing is for BTC to stay above the $80,000 to $81,000 range; otherwise, the likelihood of retesting the recent low of $76,500 is increasing. However, BTC may consolidate between $81,000 and $85,000 until the full impact of tariffs becomes clearer. (Block)