#欧美关税风波冲击市场 Macroeconomic shocks intensify bullish and bearish battles: at what stage is the current crypto market?

Macroeconomic shocks and structural evolution
The core driver of this market volatility stems from changes in the international trade environment. The United States announced a 10% tariff increase on eight European countries starting February 1st, and hinted that if no agreement is reached on the Greenland issue, the relevant tariffs will be raised to 25% in June. This policy move quickly triggered a chain reaction in global financial markets, with traditional safe-haven assets experiencing capital inflows, while digital assets like Bitcoin, classified as risk assets, faced sell-offs.
From an internal market structure perspective, this adjustment exhibits the following characteristics:
Leverage rapid deleveraging: Large-scale long liquidation, while intensifying short-term declines, also effectively releases accumulated leverage risk in the market.
Capital flow divergence: While retail investors withdraw, institutional funds continue to deploy through Bitcoin spot ETFs, with a net inflow of approximately $65.5 million over the past three trading days, notably driven by the BlackRock IBIT product.
Technical support emerges: Bitcoin finds support around $91,900, while Ethereum shows resilience in the $3,150-$3,200 range.

Operational strategy: key position layout and risk control
Based on the current market environment, the following operational strategies are recommended: Technical basis for Bitcoin (BTC) trading framework:
Price retracement to the support zone of $91,000-$92,000, which includes previous lows and requires technical correction
Operational suggestion: build long positions in batches within the $89,500-$91,000 range, with stop-loss set below $88,500, and short-term targets aiming at the resistance zone of $94,000-$95,000

Ethereum (ETH) trading framework technical basis: price retracement to the previous platform lower boundary of $3,150-$3,200, with staking exit pressure easing providing fundamental support
Operational suggestion: lightly position within the $3,150-$3,200 range, with stop-loss below $3,050, and target levels around $3,300-$3,400

Risk management key points Position allocation: no more than 10% of total funds in a single asset, maintaining portfolio diversification
Stop-loss discipline: strictly execute preset stop-loss orders to avoid emotional trading
Entry timing: avoid chasing highs, wait for retracement to key support zones before deploying positions, with close market observation
The current market is in the recovery phase after macro shocks,

Future developments to watch:
Policy trends: progress of US-EU trade negotiations and the timeline for policy implementation Capital flow: sustainability of Bitcoin ETF capital inflows and institutional allocation attitudes
Technical signals: effectiveness of major support levels and breakout directions
After rapid adjustments, markets often need time to rebuild confidence. Investors are advised to focus on fundamental stability and reasonable technical positioning for deployment opportunities, while maintaining high sensitivity to macroeconomic changes.