🚨UPDATE: BTC has successfully reached the inverse Head & Shoulders target, capturing liquidity at 86,200. A confirmed breakout above the 86,500 resistance could drive the price toward the next key resistance and the flag's target at 87,800.
Additionally, there is a negative Fair Value Gap (FVG) from 86,280 to 87,070.
🚨 Market Alert: High Volatility Expected Due to New U.S. Tariffs 🚨
Today, April 2, 2025, President Donald Trump has declared "Liberation Day" and announced sweeping tariffs on all imports. These measures could disrupt global trade and trigger significant market volatility.
🔸 Key Impact Areas:
1. 25% tariffs on imported vehicles, steel, and aluminum
2. Potential economic strain on major trade partners
3. Market uncertainty and increased risk for investors
📉 What This Means for You: Expect sharp movements in stocks, commodities, and forex markets. Traders and investors should exercise caution, manage risk effectively, and stay updated on developments.
BTC1! Altcoins are sacrificing themselves for Bitcoin, like loyal soldiers devoted to their queen. But Bitcoin is like a ruthless queen—feeding off the altcoins without offering them any reward in return. Damn Bitcoin.
An inverse H&S pattern has formed on the 1-hour timeframe, signaling a potential trend reversal. A confirmed breakout with strong volume could push BTC toward its projected target of 86,600.
Key Technical Observations: 1. The CME gap is now filled, which could act as a strong support upon a retest.
2. Neckline resistance near 84,462 is being tested.
3. A successful breakout above this level may initiate a bullish move toward 86,600.
Watch for volume confirmation to validate the breakout. 👍
The latest CME gap between 82,850 - 83,910 is acting as a strong resistance, with BTC remaining in a bearish trend. A failed bullish flag has broken downward, targeting 80,200.
🔻 The breakdown was driven by macroeconomic factors, including new tariffs and a stock market downturn, increasing risk-off sentiment across global markets.
🔻 If 80,200 fails to hold, further downside movement toward lower support levels is likely.