Market Overview

The global crypto market faced a sudden downturn today as Bitcoin (BTC) and Ethereum (ETH) prices dipped following renewed trade tensions and tariff remarks by former U.S. President Donald Trump. The overall market cap shrank by 2.7%, reflecting the investor unease rippling across traditional and digital asset markets.

At the time of writing:

• Bitcoin (BTC) is trading at $66,320, down 2.3% in the last 24 hours.

• Ethereum (ETH) has slipped to $3,265, marking a 2.8% drop.

What Triggered the Drop?

The market reacted strongly after Trump suggested the possibility of reintroducing tariffs on Chinese imports, which investors fear could trigger inflationary pressure globally. This uncertainty has prompted a risk-off sentiment, affecting not just stocks but also the highly volatile crypto sector.

Technical Analysis – What the Charts Say

Bitcoin (BTC)

• Support Level: $65,800 – This is the current zone where bulls are trying to defend. A breakdown below this could see BTC test the $64,000 mark.

• Resistance Level: $68,200 – The bulls must break this zone for a reversal.

• RSI (Relative Strength Index): Currently at 46, indicating a neutral momentum, leaning bearish.

• 200 EMA (Daily Chart): Around $61,200, which remains the long-term support.
  
  BuyUcoin Insight: BTC must hold above $65,800 this week to avoid further downside pressure. Traders on BuyUcoin are closely watching for a reversal pattern near the support zone.

Ethereum (ETH)

• Support Level: $3,200 – A key psychological level for ETH.

• Resistance Level: $3,400 – Needs to break for bullish continuation.

• RSI: At 43, indicating weakening buying pressure.

• MACD: Bearish crossover formed, signaling caution.
  
  BuyUcoin Insight: ETH’s ability to bounce back depends on broader market sentiment. Watch out for a bounce near $3,200 for potential short-term entries.

Are Experts Giving Up on Recovery? Not Quite

While the short-term picture looks shaky, crypto analysts at BuyUcoin emphasize that this is a healthy market correction, not a full-blown reversal.

BuyUcoin Market Strategist said: These dips are expected in a maturing market. Investors should focus on accumulating fundamentally strong assets like BTC and ETH during these corrections instead of panic selling.”

What Should Traders Do Now?

1. Don’t Panic Sell – Short-term volatility doesn’t change long-term fundamentals.

2. Watch Key Support Zones – As noted above, BTC at $65,800 and ETH at $3,200 are crucial.

3. Use Limit Orders on BuyUcoin – Take advantage of market dips by setting strategic buy levels.

Conclusion

While the market responds to macroeconomic fears, long-term crypto believers continue to see this as an opportunity. As always, trade smart and stay updated with real-time charts and news on BuyUcoin — your trusted partner in the Indian crypto ecosystem.