Summary
- It was reported that Trump's tariff measures could exert medium to long-term downward pressure on the Bitcoin market.
- The options market is leaning towards a bearish outlook for Bitcoin, and some traders are taking a conservative approach.
- Bitcoin is forming a support level at $80,000, and gold is being noted as a tool to hedge Bitcoin's volatility.
The virtual asset (cryptocurrency) options market predicts that the macroeconomic instability caused by President Trump's tariff measures could act as a medium to long-term downward pressure on the Bitcoin (BTC) market.
On the 4th, Adam, a researcher at the virtual asset options analysis firm Greeks.live, analyzed, "The current (options) market is largely leaning towards a bearish outlook," adding, "Trump's tariff measures have already undermined market confidence, and even if adjusted before April 9, the shock will remain."
Researcher Adam explained, "In terms of short-term strategy, traders are taking a conservative approach by selling call options and entering short positions on rebounds," adding, "Some short position holders are realizing profits."
He added, "Bitcoin is forming an immediate support level at $80,000," and "Gold is being noted as a tool to hedge Bitcoin's volatility in the expanding volatility section."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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