The Great Immortal said: The US dollar against the Chinese yuan increased by 104% on April 10! Bitcoin is at risk of breaking a new low!

The Trump administration maintains an "open" attitude towards negotiating for lower tariffs and has revealed that nearly 70 countries, including Japan and South Korea, have contacted the White House regarding tariff issues, suggesting that U.S. stocks may soon reach friendly agreements with some countries.
**　　Starting from April 9, U.S. time, an additional 84% tariff will be imposed on all imported goods from China, and combined with the existing tariffs, the total tariff rate on almost all Chinese goods exported to the U.S. will soar to an astonishing 104%. This news hit the market like a shockwave, instantly erasing the rebound that had occurred due to negotiation expectations, spreading panic and causing a significant drop in the stock market towards the end of the trading day. The market generally believes that such high tariffs are almost equivalent to a trade fortress, and the U.S.-China trade standoff has reached an unprecedented level of intensity.**
**　　In response to the extreme pressure from the U.S., China today also demonstrated a tough stance. Chinese Foreign Ministry spokesperson Lin Jian emphasized at a regular press conference that "the Chinese do not fear trouble, nor do they provoke it. Pressure, threats, and extortion are not the correct ways to deal with China. China will take necessary measures to firmly safeguard its legitimate rights and interests. If the U.S. disregards the interests of both countries and the international community and insists on waging a tariff war and trade war, China will accompany them to the end."**
**　　The escalation of the trade war has not only led to severe fluctuations in traditional financial markets. Among the 12 Bitcoin spot ETFs in the U.S., 7 funds have experienced withdrawals, totaling $326 million, marking the fourth consecutive trading day of net outflows for Bitcoin spot ETFs. This also represents the largest single-day net outflow since March 11, reflecting the market's heightened sensitivity to overall economic risks. As of the time of writing, Bitcoin is priced at $77,750, down approximately 0.87% in the last 24 hours.**
**　　Bitcoin 4-hour chart**
**　　**
**　　The current price is between the middle and lower bands of the Bollinger Bands, with the middle band around 80,000, the upper band near 87,000, and the lower band around 75,000. The Bollinger Bands are showing a convergence trend, indicating that the market may soon choose a direction, potentially breaking out or further oscillating. The DIF line has crossed above the DEA line, forming a golden cross pattern, while the MACD histogram has turned from green to red, indicating that bearish momentum is weakening. However, the DIF line and DEA line are still operating below the 0 axis, suggesting that this is merely a weak rebound phase and has not yet entered a strong bullish market.**
**　　The KDJ three-line values are moving upwards, forming a golden cross pattern and entering a neutral to strong range, but have not yet become overheated. The current rebound is at the Fibonacci 23.6% retracement level; if it breaks through, the target will be the 79,900-81,600 area. However, if it falls below 77,000 again and is accompanied by an increase in the MACD histogram, it may retest the previous low of 74,500, or even enter a new round of decline.**
**　　Bitcoin 1-hour chart**
**　　**
**　　The current price is operating near the upper band of the Bollinger Bands, approximately in the range of 78,000 to 78,500, with the Bollinger Bands slightly opening. The middle band provides effective support in the range of 76,700 to 77,000, while the upper band may become resistance. The DIF line and DEA line have formed a golden cross pattern and are continuing to rise, with the MACD red histogram gradually increasing, indicating that short- to medium-term rebound signals are strengthening, but it is still in a bearish pattern.**
**　　The KDJ three-line values maintain a bullish arrangement, entering a high range, and are currently in a strong rebound phase, but there are signs of overbought conditions. The KDJ indicates that the short-term rebound is approaching a high point, and caution is needed for potential high-level stagnation or pullback, especially if the J line value turns, which will trigger a short-term adjustment. The current rebound has just touched the Fibonacci 23.6% retracement level, which is a key resistance point.**
**　　In summary, the current Bitcoin 4H level is in a bottom oscillation repair phase, with MACD and KDJ showing rebound signals, and the lower Bollinger Band support is effective. The Fibonacci 23.6% retracement level is facing a critical breakthrough point. If it breaks through, there will be an opportunity to challenge the 80,000-81,600 range; if it fails, caution is needed for a pullback to 75,000 or even lower. Bitcoin is currently showing a moderate rebound trend at the 1H level, with the MACD golden cross continuing, KDJ at a high level, and the Bollinger middle band providing effective support, challenging the key resistance of the Fibonacci 23.6%. If it can break through 78,000 with volume, it is expected to strengthen further; otherwise, caution is still needed for a short-term pullback.**
**　　In conclusion, the following suggestions are provided for reference**
**　　📈 Bullish strategy: If it breaks through and stabilizes in the 77,900-78,000 area, a light long position can be taken, targeting 79,900-81,600, with a stop-loss suggested around 77,000.**
**　　📉 Bearish strategy: If Bitcoin rebounds to around 81,600, fails to break through the Fibonacci 50% retracement level, and is accompanied by a KDJ death cross and weakening MACD volume, a light short position can be attempted, targeting 78,000-77,600, with a stop-loss suggested around 82,300.**
Giving you a 100% accurate suggestion is not as good as providing you with the right mindset and trend. After all, teaching a person to fish is better than giving them a fish. The goal is to earn for a moment, but learning the mindset will allow you to earn for a lifetime! What matters is the mindset, grasping the trend, and planning the layout and positions. What I can do is use my practical experience to help everyone, guiding your investment decisions and management in the right direction.
**　 Writing time: (2025-04-10, 00:40)**
**　 (Text - Master Coin Talks)**