Bitcoin wants to go up, but Trump’s tariffs aren’t helping: Will the admin TACO again?

Bitcoin's market structure shows signs of recovery following a sharp correction, with spot ETF inflows and retail/institutional accumulation at Coinbase trending up. However, intensifying headwinds, specifically President Trump's renewed tariff war with China and the prolonged US government shutdown, are discouraging bullish traders from opening new long positions in futures markets. Data suggests Binance perpetual futures traders are aggressively selling, reinforcing the downtrend, while spot buyers provide support between $107,000 and $108,000. Liquidation heatmaps indicate potential short-term price targets around $104,000 to $106,300 for longs. Analysts note that the recent liquidation event cleared significant leverage, suggesting a potential opportunity similar to pre-Trump victory levels in 2024. Traders are advised to watch upcoming macroeconomic events, including the US CPI release and the possibility of Trump implementing 100% tariffs (TACO), which could significantly impact price action.

(Source：Cointelegraph)