- Donald Trump backtracks on tariffs rapidly, pausing for 90 days. Is this the start of the end of this global trade war?
- Bitcoin is at a very important point on the charts, why I think we could push from here on any sustained good news.
- Altcoins to watch: HYPE and DOGE
The drama continues!
Donald Trump has delivered a stunning reversal to the market this week, announcing a 90-day pause on tariffs to countries willing to negotiate with the US.
Don’t feel bad if you’re having trouble keeping up with this all, it’s a mess.
Since then, we have seen some huge moves across the crypto market with Bitcoin +9%, while Ethereum and Solana are +15% on the day of the announcement – but we have seen prices simmer back down since then last night. However, importantly, we haven’t seen new lows.
Countries unwilling to negotiate, like China, are still going to be hit with the planned ‘reciprocal’ tariffs. In fact, Trump has overnight reinforced his stance in this trade war and increased their tariff from 104% to 125% to now 145%.
The man has no chill.
These hikes come after reports of China wanting to make a deal, which was mentioned by President Trump to the press. So why has Trump doubled down if this is the case? Is this another signature move from his aggressive negotiation tactics? Treasury Secretary Scott Bessent had this to say to the media about the news from China:
This was his strategy all along, and that you might even say that he goaded China into a bad position, [and] they responded.

So is that it? Has the job been done?
While the market has taken this news very well on the night of the news release, it opens the door to more questions. Specifically, what if the US and China are still unable to see eye to eye? That is my current concern, as further disruptions in the trade relationship between China and the US could continue sending tremors globally.
That being said, I do like the chart as I’ll cover below.
I really believe we need another good news story regarding the trade war and addressing some of the stresses we are observing in fixed income and currency markets.
In case you missed it, the US dollar fell off a cliff today, the DXY is now under $100. The lowest we’ve seen in almost two years.
Check out my latest video on the trade war and why longer term measurements are still looking bullish for Bitcoin.
BTC
Swept and held | At these current extreme lows, we can see twice where a previous day low had been taken out, and closed higher. See green arrows above.
Attempting structure shift | This is a higher time frame, higher high and higher low we have now seen trying to play out this week. If this holds at the very least, it sets up a change in structure for higher.
Key levels still below| There is still technically support below highlighted at $72k.
Related: Russia and China Use Bitcoin to Circumvent Sanctions in Oil Trades
HYPE
Range extremes reclaimed | Hype has dipped below its higher time frame lows as marked ~$12 and bounced really nicely. This is clear demand buying.
Bulls time to shine | This is where we want to see dips being bought up, and the creation of a new higher low would lock this in. This means keeping price trading above $12.
Cold feet | If we see anything in the market regarding tariff news that takes the wind out of the bulls’ sails, we could see prices fall and not be picked up. This would look like a new low under $10. This would look like further escalations in the China vs US matchup.
DOGE
Waiting to see their hand | DOGE is at a key level right now where I would be watching to see if bulls start buying and make new higher highs similar to HYPE above.
Long hold opportunity | Should we break and hold, continuing to then make higher highs and higher lows, I believe we could see a trend form to the upside.
Weakness in market | Similar to the above, sentiment is everything right now. So any news that scares off investors or traders could see DOGE fall lower yet.
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