The Artist: China has unveiled retaliatory tariff measures against the United States, adding an extra 34% duty on all U.S.-origin imports, which will be applied in addition to the existing tariff rates.
An inverse H&S pattern has formed, indicating a target price of 85,600, and the setup is currently active. As posted in my previous post, after sweeping the liquidity around the 81,200 level, the price advanced toward the next key liquidity zone I highlighted.
If it faces rejection from the overhead resistance levels, a potential retracement back to the 81,300 area, where approximately 82 Million in liquidations are positioned, is likely.
⚠️ Disclaimer: Trading strategies vary, and what works for one trader may not work for another. It's important to respect different perspectives and approaches. Trading involves risks, and it's essential to conduct thorough research and consider your financial situation before making any decisions.
The short-term liquidity zone is between 82,700 and 82,240, while a significant liquidity level exists around 81,780. The market may find support within the short-term liquidity range and potentially test the resistance level near 83,900, where 43.7 million in liquidity is located.
🚨 ALERT: A hacker stole 2,930 ETH (5.4M) from zkLend, then accidentally visited a phishing site posing as TornadoCash, losing the entire haul to another thief.
Today, April 2, 2025, marks Liberation Day, as President Trump officially enforces a bold new tariff plan. As I previously posted, the market will be highly volatile around 4 PM, with sharp swings and uncertainty.
📌 Key Takeaways:
✅ 10% Universal Import Tariff – All imported goods now face a baseline 10% tariff.
✅ Reciprocal Tariffs – 60 nations targeted with tariffs matching their duties on U.S. exports.
✅ 25% Auto Tariffs – Imported cars & auto parts hit with a hefty tax.
✅ China & Taiwan in Focus – Specific tariff hikes on tech, steel, and electronics from these nations.
✅ Consumer Impact – Prices on goods like electronics, clothing, and food may rise.
✅ Global Reaction – Canada & EU signal potential countermeasures. ----------------------------------------------------------------- 📉 Market Volatility – As predicted, stocks and crypto experienced extreme turbulence.
Trump’s Take: “Today, America takes back control of its economy.” 🔥 Investor Outlook: Uncertainty looms as traders assess long-term effects.