Greek.live: The community is generally bearish, traders believe tariffs have destroyed market trust

Reprinted from panewslab
04/04/2025·29DPANews April 4th news, Greek.live macro researcher Adam posted a statement saying that the community is generally bearish, and most traders expect prices to fall in the next few weeks, mainly affected by macro concerns centered on Trump's tariffs. Key price monitoring points include $80,000 as instant support, with bearish target extending to $40,000, with only a few isolated bullish voices saying it is possible to reach $100,000 in a few months.
Traders believe tariffs have destroyed market trust, and even if tariffs are lowered before the April 9 deadline, damage to trade relations has been caused. Most members expect to continue to decline, with one trader expecting "Bitcoin will fall below 70,000 this month, for two months, and then continue to fall in the third/fourth quarter - below $40,000".
Short-term trading strategies focus on selling call options and shorting when rebounds, and put options sellers believe that the current option fee is still attractive despite the downside risks.
Some traders are preparing for a possible oversold rebound through calendar spread strategies, while others are taking profits on bearish positions. Gold is seen as a tool to hedge Bitcoin volatility, and some traders use PAXG to maintain portfolio stability under uncertain market conditions.