Bitcoin, after filling the upward FVG region completely, experienced an approximately 10% increase and is currently trading at $82,586. For this upward movement to continue, overcoming the $86,641 resistance is crucial. If this level is surpassed, the next resistance point would be the downward FVG region, where the rise could continue. However, if the current region is lost, the nearest support level would be the upward FVG region below.

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Ethereum, after losing the 2037-1927$ support, experienced a sharp decline to the $1750 level. It is now trying to regain this support. If regained, the next resistance level would be $2108. If this level is surpassed, we could see a rapid movement toward $2200-2300. However, if the support is lost and closes below this level, there is a risk of a further decline to the $1750 level.

USDT.D gained the downward order block region and rose to the 5.90% level. Currently, it has retraced to the order block region again. USDT.D may find support from this area and experience another rise. If a downward movement occurs, the nearest support level would be the upward FVG region formed during the last upward move.

These movements in the market suggest that investors need to be vigilant and closely monitor developments. Correctly analyzing market dynamics can create opportunities for short-term gains in the cryptocurrency market.

In the cryptocurrency market, short-term developments are of great importance to investors. Keeping up with the latest analyses, creating strategies, and positioning according to market movements are fundamental steps for successful investing.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Current Status and Possible Directions in the Cryptocurrency Market! appeared first on Coin Engineer.

With this move, the previous 25% tariff will be doubled, resulting in a new 50% tariff on Canadian-made steel and aluminum products. This decision could escalate the trade war between the U.S. and Canada, with its immediate impact already being felt in the markets.

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Bitcoin Sees Sharp Drop

After Trump’s announcement of the tariff increase, risk appetite in the markets declined, and Bitcoin (BTC) saw a sharp pullback. The price of Bitcoin dropped by 2.5% during the day, falling to $80,631. Experts note that trade wars could put pressure on global economic growth, which in turn increases the selling pressure on risky assets.

Geopolitical and economic uncertainties are continuing to affect the cryptocurrency markets. Bitcoin‘s price volatility is expected to continue in the coming days.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Trump Increases Tariffs on Canadian Steel and Aluminum to 50% appeared first on Coin Engineer.