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Bitcoin (BTC) experienced a sharp pullback to $82k following US President Donald Trump’s announcement of new trade tariffs. These cover a huge number of countries in the world, and their implementation will have all kinds of consequences on the trade and financial market, not just crypto. Taking into account crypto’s already innate unpredictability, it’s no wonder why the Bitcoin price dropped, as the market’s reaction highlights growing investor concerns over macroeconomic shifts and their possible impact. Trump’s proposed tariffs signal a more aggressive stance on global trade, which has historically created uncertainty in traditional financial markets. The ripple effect on Bitcoin and the broader crypto market suggests traders are shifting their positions in anticipation of economic changes that are bound to happen. Last week, Bitcoin’s price was hovering around $88k, but this drop raises questions about further downside potential. Some analysts are eyeing the $78k level as a critical support zone. In case the bearish momentum continues, the cryptocurrency could test this level before stabilizing or rebounding. It’s worth noting that following Trump’s tariff announcement, the crypto industry experienced over $500 million in liquidations. It’s always hard to predict an exact price drop or increase, but there is reasonable certainty that Trump’s tariff policies will trigger broader market sell-offs. High leverage in the crypto market increases the likelihood of excessive price movements, making liquidations a key factor in determining whether Bitcoin holds above $80k. Adding to near-term uncertainty, the Chair of the Federal Reserve of the United States, Jerome Powell, is scheduled to give a speech on April 4th, which might influence the current state of the crypto market. Bitcoin has been increasingly viewed as a hedge against inflation and macroeconomic instability. However, geopolitical events, including trade policies and interest rate shifts, will continue to play a big role in shaping short-term price action. While a dip to $78k remains a possibility, long-term bullish sentiment in the crypto space remains strong, and it’s hard to believe that Bitcoin’s price will continue to drop. Still, it’s wise to be cautious. Trump’s tariffs surely won’t go unnoticed and other countries will likely retaliate, directly affecting the crypto industry. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

point to me the last time buying deeply oversold weekly stoch rsi was a bad play? if not for complete reversal, it almost always gives a good bounce

point to me the last time buying deeply oversold weekly stoch rsi was a bad play? if it doesn't give a complete reversal, it almost always gives a good bounce

I will long $BTC at 80324 SL 78867 Note: This is a $10K>$20K challenge play.

Across the daily chart, bitcoin’s trajectory reflected a recent peak near $94,000 followed by a notable retracement to approximately $81,000, suggesting a corrective phase in play. The subsequent recovery toward $84,000 indicated that buyers were still active near the lower boundary, particularly within the $81,000 to $82,000 support zone. However, the volume spike on the red candle underscored aggressive selling pressure, warning that a failure to maintain current levels could invite a deeper pullback. Resistance remains firm between $88,000 and $90,000, and traders should be vigilant if price action stalls or reverses near these levels. BTC/USD 1D chart on April 3, 2025. From the 4-hour chart perspective, bitcoin showed a clear rejection at $88,500 marked by a sharp wick and subsequent sell-off. The current price structure resides between $83,000 and $85,000, forming a tight consolidation band. Of note, a flash crash to $81,100 revealed strong buying interest, possibly tied to liquidity grabs or stop-hunting behavior by larger entities. Scalping opportunities exist, particularly on long setups near $82,000 to $83,000, provided confirmation from volume metrics, while resistance near $85,000 to $86,000 presents a potential short entry zone if upward momentum fails to sustain. BTC/USD 4H chart on April 3, 2025. The 1-hour chart illustrates a pronounced stair-step decline following rejection at $88,500, with notable institutional-sized red volume confirming bearish sentiment. The price has attempted minor recoveries but continues to struggle around the $84,000 level, now forming a horizontal consolidation around $83,000. Short-term traders could look for a bullish signal—such as a double bottom or bullish engulfing candle—within the $82,500 to $83,000 zone. Any recovery would likely encounter overhead pressure near $84,500 to $85,000, aligning with short-term resistance and previous breakdown zones. BTC/USD 1H chart on April 3, 2025. In terms of technical indicators, oscillators presented a mixed-to-neutral sentiment. The relative strength index (RSI) at 45, Stochastic at 31, commodity channel index (CCI) at −75, average directional index (ADX) at 20, and awesome oscillator all read as neutral. The momentum oscillator registered a negative −4,420, reflecting a sell bias. Interestingly, the moving average convergence divergence (MACD) level was the lone buy indicator, printing −1,071, suggesting some underlying divergence or a pending reversal in momentum. Moving averages, however, were universally bearish across all major timeframes. Both the exponential moving averages (EMA) and simple moving averages (SMA) for 10, 20, 30, 50, 100, and 200 periods all signaled a sell. With the 10-period EMA at $83,889 and SMA at $84,417—each above the current price—the trend remains under pressure. The long-term averages, such as the 200-period EMA at $85,402 and SMA at $86,410, further reinforce the prevailing downtrend, indicating sustained selling pressure and making any bullish breakout attempts difficult without a shift in volume and structure. For bulls, the key lies in defending the $81,000 to $83,000 support zone, which has historically attracted buyers across multiple timeframes. A confirmed reversal pattern such as a double bottom or bullish engulfing candle—paired with a bullish crossover in the moving average convergence divergence (MACD)—could trigger a short-term rally toward $85,000 and potentially retest the $88,000 to $90,000 resistance range. A breakout above that would signal renewed upside momentum. Bears retain control as long as bitcoin remains below the cluster of moving averages, all signaling a sell bias from short- to long-term trends. A decisive breakdown below the $81,000 support could invalidate bullish setups and open the path toward lower liquidity zones in the $78,000 to $76,000 range. Heavy red volume and repeated rejections near $84,000 to $85,000 suggest that sellers are still dominating short-term momentum. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。