【Crypto World】The escalation of trade tensions between Europe and the US has disrupted recent market calm. Bitcoin, Ethereum, and Ripple all weakened collectively, with investors’ risk appetite significantly declining.
BTC is currently under pressure. The price has fallen below the $93,000 level and is approaching the 50-day moving average at $92,396. This moving average is critical—if it closes below, the downside could directly target $90,000, testing support levels.
ETH’s situation is also not easy. The 200-day moving average at $3,336 above forms a clear resistance, repeatedly frustrating the bulls; at the same time, it faces testing pressure from the 50-day moving average at $3,166. The two moving averages are pinching, limiting short-term rebound space.
XRP appears the most vulnerable. It is currently trading around $1.95, with momentum indicators signaling a bearish outlook. Notably, if it closes below $1.96, it could fall back to December’s low of $1.77, a downward range not to be underestimated.
Uncertainty in the trade war continues to ferment, and market sentiment in the short term remains cautious.
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OfflineNewbie
· 8h ago
The trade war is causing this again, now we have to watch the moving averages dance... So annoying.
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TokenomicsDetective
· 8h ago
Trade war causing trouble, selling off again. If we can't hold 92k, it really gets nerve-wracking.
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WhaleWatcher
· 9h ago
Trade war hits all-out losses right away, this wave is really intense.
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SquidTeacher
· 9h ago
The impact of this trade war is really devastating; all three major players have fallen... BTC has forcibly broken through 93K, and I just want to see if 90K can hold.
Trade war gloom casts a shadow, BTC, ETH, XRP collectively retrace to test key support
【Crypto World】The escalation of trade tensions between Europe and the US has disrupted recent market calm. Bitcoin, Ethereum, and Ripple all weakened collectively, with investors’ risk appetite significantly declining.
BTC is currently under pressure. The price has fallen below the $93,000 level and is approaching the 50-day moving average at $92,396. This moving average is critical—if it closes below, the downside could directly target $90,000, testing support levels.
ETH’s situation is also not easy. The 200-day moving average at $3,336 above forms a clear resistance, repeatedly frustrating the bulls; at the same time, it faces testing pressure from the 50-day moving average at $3,166. The two moving averages are pinching, limiting short-term rebound space.
XRP appears the most vulnerable. It is currently trading around $1.95, with momentum indicators signaling a bearish outlook. Notably, if it closes below $1.96, it could fall back to December’s low of $1.77, a downward range not to be underestimated.
Uncertainty in the trade war continues to ferment, and market sentiment in the short term remains cautious.