Odaily News Santiment published an analysis on the X platform, saying that due to the sharp drop in global stock markets this week, the cryptocurrency market also fell. Public opinion seemed to attribute the plunge to "Trump's trade war." Whether it was the main reason or other factors, traders in the cryptocurrency community reacted very negatively.
BTC has now risen back to the $96,000 range and may not be done yet, but is this surge intended to allow “belligerent” retail traders to sell at the local bottom? Historically, markets almost always move in the opposite direction of popular expectations, and there may also be buying opportunities when most traders are skeptical about cryptocurrencies.