Yigit Taha OZTURK 
Over the past 24 hours, the crypto market has experienced significant volatility. U.S. President Donald Trump’s additional tariffs on Mexico and Canada reignited trade wars, leading to a massive sell-off. Investors are debating whether the bear market is back, as Bitcoin (BTC) and Ethereum (ETH) drop to critical levels.
Bitcoin (BTC): Sharp Drop from 106,000$ to 91,000$!
Bitcoin had recently been in a strong uptrend. However, due to trade war fears, it suffered a nearly 15% drop from 106,000$ to 91,000$! Technical analysis indicates key levels following this decline:
- Support Level: 91,221$
- Resistance Level: 98,504$
The BTC/USDT chart suggests that investors are trying to hold the 90,000$ level, but selling pressure remains strong. If 91,221$ breaks, Bitcoin could decline further to 89,472$. However, if 98,504$ is surpassed, a recovery is possible.
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Ethereum (ETH): Drop from 3,200$ to 2,100$!
Ethereum followed Bitcoin, experiencing a sharp 37.5% drop from 3,200$ to 2,100$! This steep decline has worried investors, with chart analysis revealing crucial levels:
- Support Level: 2,455$
- Resistance Level: 3,026$
The ETH/BTC chart shows that Ethereum failed to break resistance levels, leading to deeper retracement. If 2,455$ does not hold, ETH could drop further to 2,000$. However, for a rebound, it must surpass 3,026$.
Bears Take Control of the Market!
According to recent chart analysis, bears have gained dominance, causing heavy losses for investors. The primary factor behind this downturn is the U.S. trade war escalation and additional tariffs, increasing market pressure. However, BTC and ETH holding their support levels raises the possibility of a potential recovery.
Ultimately, the crypto market is at a crucial turning point! Chart movements in the coming days will determine its direction. Investors should remain cautious and closely monitor market data.
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