The Trump administration maintains an "open" attitude towards negotiating for lower tariffs and has revealed that nearly 70 countries, including Japan and South Korea, have contacted the White House regarding tariff issues, suggesting that U.S. stocks may soon reach friendly agreements with some countries.
Starting April 9, U.S. time, an additional 84% tariff will be imposed on all imported goods from China. Combined with existing tariffs, the total tariff rate on almost all Chinese goods exported to the U.S. will soar to an astonishing 104%. This news hit the market like a shockwave, instantly erasing the rebound that had occurred due to negotiation expectations, spreading panic and leading to a significant drop in the stock market at the close. The market generally believes that such high tariffs are almost equivalent to a trade fortress, and the U.S.-China trade standoff has reached an unprecedented level of intensity.
In response to the extreme pressure from the U.S., China today also demonstrated a tough stance. Chinese Foreign Ministry spokesperson Lin Jian emphasized at a regular press conference that "the Chinese are not afraid of trouble, nor do they provoke it. Pressure, threats, and extortion are not the correct way to deal with China. China will take necessary measures to firmly safeguard its legitimate rights and interests. If the U.S. disregards the interests of both countries and the international community and insists on waging a tariff war and trade war, China will accompany it to the end."
The escalation of the trade war has not only led to severe fluctuations in traditional financial markets. Among the 12 Bitcoin spot ETFs in the U.S., 7 funds have experienced withdrawals, totaling $326 million, marking the fourth consecutive trading day of net outflows for Bitcoin spot ETFs. This is also the largest single-day net outflow since March 11, reflecting the market's heightened sensitivity to overall economic risks. As of the time of writing, Bitcoin is priced at $77,750, down approximately 0.87% in the last 24 hours.
Bitcoin Four-Hour Chart
The current price is between the middle and lower bands of the Bollinger Bands, with the middle band around 80,000, the upper band near 87,000, and the lower band around 75,000. The Bollinger Bands are showing a narrowing trend, indicating that the market may soon choose a direction, potentially breaking out or further consolidating. The DIF line has crossed above the DEA line, forming a golden cross, while the MACD histogram has turned from green to red, indicating that bearish momentum is weakening. However, both the DIF and DEA lines are still operating below the zero axis, suggesting that this is merely a weak rebound phase and has not yet entered a strong bullish market.
The KDJ three-line values are moving upwards, forming a golden cross and entering a neutral to strong range, but have not yet become overheated. The current rebound is at the Fibonacci 23.6% retracement level; if it breaks through, the target will be the 79,900-81,600 area. However, if it falls below 77,000 again, accompanied by an increase in the MACD histogram, it may retest the previous low of 74,500, or even enter a new round of decline.
Bitcoin One-Hour Chart
The current price is operating near the upper band of the Bollinger Bands, approximately in the range of 78,000 to 78,500, with the Bollinger Bands slightly opening. The middle band provides effective support around 76,700 to 77,000, while the upper band may become resistance. The DIF and DEA lines have formed a golden cross and are continuing to rise, with the MACD red histogram gradually increasing, indicating that short- to medium-term rebound signals are strengthening, but it is still in a bearish pattern.
The KDJ three-line values maintain a bullish arrangement, entering a high range, and are currently in a strong rebound phase, but there are signs of overbought conditions. The KDJ indicates that the short-term rebound is approaching a high point, and caution is needed for potential high-level fatigue or pullback, especially if the J line value turns, which will trigger a short-term adjustment. The current rebound has just reached near the Fibonacci 23.6% retracement level, which is a key resistance point.
In summary, the current Bitcoin 4H level is in a bottom consolidation and repair phase, with MACD and KDJ showing rebound signals. The lower Bollinger Band support is effective, and the Fibonacci 23.6% retracement level is facing a critical breakout point. If it breaks through, there will be an opportunity to challenge the 80,000-81,600 range; if it fails, caution is needed for a pullback to 75,000 or even lower. Bitcoin is currently showing a mild rebound at the 1H level, with a sustained MACD golden cross, KDJ at a high level, and effective support from the middle Bollinger Band, challenging the key resistance of the Fibonacci 23.6%. If it can break through 78,000 with volume, it is expected to strengthen further; otherwise, caution is still needed for a short-term pullback.
In conclusion, the following suggestions are provided for reference:
📈 Bullish Strategy: If it breaks and stabilizes in the 77,900-78,000 area, consider light long positions, targeting 79,900-81,600, with a stop-loss suggested around 77,000.
📉 Bearish Strategy: If Bitcoin rebounds to around 81,600, fails to break through the Fibonacci 50% retracement level, and is accompanied by a KDJ death cross and weakening MACD volume, consider attempting light short positions, targeting 78,000-77,600, with a stop-loss suggested around 82,300.
Giving you a 100% accurate suggestion is not as good as providing you with the correct mindset and trend. After all, teaching someone to fish is better than giving them fish. The focus is on the mindset, grasping the trend, and planning positions. What I can do is use my practical experience to help you, guiding your investment decisions and management in the right direction.
Writing time: (2025-04-10, 00:40)
(Text - Master Says Coin) Disclaimer: Online publication has delays, and the above suggestions are for reference only. The author is dedicated to research and analysis in the fields of Bitcoin, Ethereum, altcoins, forex, stocks, etc., with years of experience in the financial market and rich practical operation experience. Investment carries risks, and caution is needed when entering the market. For more real-time market analysis, please follow the official account Master Says Coin for discussion and exchange.
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