Forward tracking the real-time hotspots in the currency circle, accurately grasp the best trading opportunities. Today is February 27, 2025, Thursday, I am Wang Yibo! Friends, good morning☀ Fans remember daily attendance👍 Like and support to make a fortune🍗🍗🌹🌹

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Currently, the total market value of cryptocurrencies is $2.88 trillion. In the past 24 hours, the market value has evaporated by $105.148 billion, a drop of as much as 3.52%. Among them, Bitcoin accounts for 58.51% of the market value, while Ethereum accounts for 10.1%. The recent decline in the cryptocurrency market over the past two days is largely attributed to tariff issues. For the US, tariffs can to some extent alleviate the fiscal deficit, help manufacturing return to the US, and even potentially lead some countries to reduce tariffs on the US. From a long-term perspective, this measure may not necessarily be a bad thing. However, currently, tariffs have become a key factor affecting market sentiment. Whether tariffs are good or bad for the cryptocurrency market is difficult to determine simply. But from the current market trend, an increase in tariffs will inevitably push up the prices of imported goods on both sides, leading to price increases. Rising prices mean intensified inflation, and rising inflation will prompt the Fed to pay more attention to monetary policy. In simple terms, there is a high probability that the number of rate cuts in 2025 will be reduced, which is extremely detrimental to both the cryptocurrency market and the US stock market. Although the tariff policy will officially take effect on April 2nd, investors have already begun to anticipate the impact of the potential increase in tariffs.
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To be honest, I find it hard to believe that just a tariff issue can drag the entire risk market into a bear market. Whether Trump is the hero of cryptocurrency or the executioner who pushes it into the abyss is currently difficult to determine. The current market has completely turned into a game of expectations for Trump's policies, which is undoubtedly a tricky situation. I have no idea how far the market will fall. Returning to the data level of Bitcoin, the situation is clearer. With Trump's announcement of a 25% increase in tariffs on Europe, the risk market has entered a new round of panic. It's hard to predict where this panic will take the market. The current market sentiment is quite bad, but it has not yet reached a desperate situation. Friday can focus on core PCE data to see if it can help improve market sentiment. If the core PCE data performs poorly, the market conditions may worsen.
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Bitcoin's trend yesterday was all the way down, breaking through the key support level of 86000 after nightfall, and seeing a small rebound, reaching as high as 88500, but then coming under pressure and falling again in the early hours. Recently, Bitcoin's trend has been extremely weak, failing to break through the 100,000 level since the last attempt, and has fallen significantly to the 82188 level, a drop far beyond expectations. In this market, long positions have made investors fearful. Currently, Bitcoin is oscillating around the 84000 area. Looking at the technical analysis from the four-hour chart, the Bollinger Bands are neatly arranged in a downward trend, and the K-line is running close to the lower rail. It is expected that today's session will most likely be a period of oscillation and repair, but given the market's weak pattern, the rebound is not expected to be too strong. After all, in a weak market, it is difficult to predict the bottom, and the next key target is likely to be the 80000 level.
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Ethereum has also started a downward journey. The price slipped all the way to the 2252 low point, touched the bottom and rebounded quickly, rising to the 2382 level. However, after repeated testing of the support below, it eventually broke through the key support level with strength. At present, shorting the rebound is still our preferred strategy. Given the increased fluctuation in the current market, the strength of the rebound is also not to be underestimated. If the rebound strength is large, it can be seen as a weak correction; if the rebound strength is small, it belongs to a strong correction.