After the news that Trump adjusted the European tariff to 25%, the US stock market also experienced a comprehensive correction. The NASDAQ rose more than 1% before, but now it is 0.15% negative. The S&P rose more than 0.5%, and now it is 0.23% negative. The main reason affecting market sentiment now is tariffs. It is difficult for me to simply evaluate tariffs as positive or negative, but from the current direction of the market, an increase in tariffs will inevitably raise the import prices of both sides, thereby increasing prices, and an increase in prices is an increase in inflation. The rise in inflation represents that the Federal Reserve will pay more attention to monetary policy. It is highly likely that the number of interest rate cuts for 2025 will decrease, which is very unfavorable for the market, not only for cryptocurrencies, but also for the US stock market. Although the official implementation of tariffs will begin on April 2nd, investors are now beginning to anticipate the potential impact of the tariff increase. It can be said that the recent decline in the past two days is almost entirely due to the issue of tariffs, but for the United States, tariffs can solve some fiscal deficits, bring manufacturing back to the United States, and even force some countries to lower tariffs on the United States. In the long run, it may not necessarily be a bad thing. But it may not survive in the short term, and how many investors can consider the long term, especially in the cryptocurrency industry, especially those who hold a large number of altcoins. The decline of Bitcoin is likely to drive the decline of altcoins as well. I have heard many times that altcoins do not follow the decline of BTC, and these are mostly short-term. If we extend the period a little longer, altcoins will inevitably fall even harder than BTC. I really don't want to believe that one tariff problem has pulled the whole risk market into a bear market. It's a bit unclear whether Trump is the hero or the executioner of cryptocurrency. Now the market has completely become the expectation of Trump, which is a very troublesome thing. I don't even know what kind of drop it will be. Back to BTC's data, there is nothing to say. As Trump raised the European tariff by 25%, the risk market entered a new round of panic. It is hard to say what situation this panic brought to the market. The market sentiment has been very bad, of course, not to the extent of despair. On Friday, we can see whether the core PCE data can pull back some of the sentiment. If the core PCE data is too bad, it will be even worse. Unfortunately, when Trump raised the European interest rate to 25%, it was time to start shorting. Unfortunately, I was busy writing at that time, but I do think that the market panic is getting worse now, and I can't even rule out what the Asian time zone will look like tomorrow. But fortunately, my $41000 multiple order should be able to enjoy some funding rates. From the support data, although the market sentiment is very poor, the support between $93000 and $98000 has not been broken yet. I don't want to argue about this again. We have been arguing for a long time when it was $65000. At least for now, the support at this position is still quite strong, and investors in this position have no signs of leaving significantly. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex