Bitcoin was suddenly hit by news of tariffs today, causing the market to panic and completely destroying the technical pattern. Not only did the daily gains get fully wiped out, but market sentiment also turned cold, and we are now in a phase of oscillation and correction. In the short term, it is best to observe and wait for the market to complete a dual adjustment of sentiment and structure.

From the weekly chart, the price is being suppressed by the EMA30, but the MACD has shown a golden cross signal, so we should watch whether it will attempt a second surge.

On the intraday 4-hour chart, the price has already fallen back to the vicinity of the 120 moving average for support, but it has broken below the midline of the upward channel. The basic trading idea is as follows: if the price retraces to around 94,000, consider a short position.

The 1-hour chart still has the possibility of further decline. For more aggressive traders, going long at the current price is an option, but a stop loss must be set at 91,800.