Traders Predict Further Downtrend Due to Trump’s Trade Policies
In a recent community briefing by Greeks.live, traders express a prevailing bearish sentiment for the short-term outlook of Bitcoin. The report highlights concerns over U.S. President Donald Trump’s trade policies and market manipulation, which are anticipated to continue applying downward pressure on the cryptocurrency. Traders are closely monitoring the $82,000-$84,000 range, identified as a crucial resistance level.
Debate Rages on Relief Rally vs. ‘Hamburger-Style’ Sell-Off
Within the trading community, there is a heated discussion surrounding the potential outcomes of either a relief rally or a ‘hamburger-style’ sell-off. Some traders are inclined to swiftly capitalize on profits following recent market recoveries, adding to the uncertainty in the market sentiment.
📉 Why Are Traders Concerned?
Traders are apprehensive about Bitcoin’s future due to the looming impact of Trump’s trade policies and suspected market manipulation. The identified resistance level of $82,000-$84,000 poses a significant challenge for bullish momentum to push through, intensifying the bearish outlook.
⚡ What Lies Ahead for Bitcoin?
Given the current market conditions, the debate between a relief rally and a potential ‘hamburger-style’ sell-off remains unresolved. Traders are advised to proceed with caution and closely monitor Bitcoin’s price movements to make informed trading decisions.
🤔 Should Traders Stay in the Market?
With the uncertainty surrounding Bitcoin’s short-term trajectory, traders are urged to stay vigilant and adapt their strategies accordingly. It is crucial to remain informed about external factors impacting the market and to exercise caution when navigating volatile trading conditions.
Will Bitcoin recover from the bearish outlook, or are further declines imminent? Share your insights below!
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