Analyst: Tariffs have destroyed market confidence, and most traders hold a bearish sentiment

ChainCatcher news, Greeks.live analyst Adam posted on social media, "The market generally holds a bearish sentiment, with most traders expecting prices to decline in the coming weeks, primarily influenced by macro concerns centered around Trump's tariffs. Key price levels include $80,000 as immediate support, with bearish targets extending to $40,000, and only a few isolated bullish voices suggesting a possibility of reaching $100,000 within a few months. Traders believe that tariffs have destroyed market trust, and even if tariffs are reduced before the April 9 deadline, the damage to trade relations has already been done. Gold is seen as a tool to hedge against Bitcoin volatility, with some traders using PAXG to maintain portfolio stability under uncertain market conditions."