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21Shares: It is most important for BTC to remain above the $80,000 range, and the impact of tariffs will soon become clear.

2025-04-02 11:50

Odaily News President Trump is expected to announce large-scale tariffs, including reciprocal tariffs, later on Wednesday. Valentin Fournier, chief analyst at BRN, said Trump's speech is a key risk event because his remarks have been unpredictable - swinging between threats of large-scale tariffs and commitments to restrained reciprocal trade policies. Given this uncertainty, the volatility of the crypto market is expected to increase, and there may be downside risks if market expectations are not met. It is recommended to remain cautious and reduce overall exposure to digital assets until the tariff uncertainty is eliminated.
Matt Mena, a cryptocurrency research strategist at 21Shares, is slightly more optimistic. He said that the most important thing is that BTC stays above the $80,000 to $81,000 range. Otherwise, a retest of the recent low of $76,500 is increasingly likely, but BTC may consolidate between $81,000 and $85,000 until the full impact of tariffs becomes clearer. (Block)