Greeks.live: Tariffs have eroded market trust, with the majority of traders holding a bearish view

BlockBeats News, April 4th, Analyst Adam from Greeks.live stated on social media that "the market generally holds a bearish sentiment, with most traders expecting a price drop in the coming weeks, mainly influenced by macro concerns centered around the Trump tariffs. Key price levels include $80,000 as immediate support, with a bearish target extending to $40,000; only a few isolated bullish voices believe that $100,000 could be reached within a few months. Traders believe that the tariffs have eroded market trust, and even if the tariffs are reduced before the deadline on April 9th, the damage to trade relations has been done. Gold is seen as a hedge against Bitcoin volatility, with some traders using PAXG to maintain portfolio stability in uncertain market conditions."