Last week, Bitcoin soared to an all-time high of $111,970, fueled by institutional ETF inflows and optimism surrounding the U.S. Strategic Bitcoin Reserve. However, following President Trump's announcement of a 50% tariff on EU imports, BTC swiftly dropped below $108K, erasing nearly $80 billion from the crypto market cap.
In volatile markets, it's crucial to avoid buying into euphoric highs. Instead, wait for confirmation and potential pullbacks to key support levels before entering a trade. This approach helps mitigate risks associated with sudden market reversals triggered by geopolitical events or policy changes.
Stay informed and trade wisely!
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@crypto_scalp_signals
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