Degen

$BTC update

New tariffs started today, April 9, 2025: 20% on EU stuff, 34% extra on Chinese goods (54% total), and 104% on some Chinese imports.

Bitcoin price didn't react too bad to this event. In fact, it seems to be forming a double bottom formation above March's low. This could be another sign of strength for a local bottom formation.

There's also a lot of liquidity at $85k (second image). If $BTC manages to reclaim that level, then we should see a further short-term bullish move towards $92k-98k, where the bearish trend should resume.

thank you for analysis brother 📈❤️