Trump’s Tariff Tango Tanks Bitcoin: A Dance of Doom or Delight? 💸🐍

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Oh, the tragic ballet of Bitcoin! A celestial body once soaring at $123,200 now pirouetted downward, its luster dulled by the clammy hands of tariffs and the melancholic sighs of economists. The markets, those fickle muses, recoiled like a startled octopus, ink-blotted by weak jobs data and the specter of 15% tariffs—Trump’s economic haiku.

At last glance, Bitcoin lingered near $114,000, a 3.5% decline over seven days. A mere shadow of its former self, yet still a glittering enigma. Behold the evidence:

a duet of despair 🎻💣

  • A break-and-retest pattern? The market’s coy wink toward a rebound 🎩💃

    • Tariffs and Fired Encores 🎭

    Enter Trump, maestro of chaos, imposing 15% tariffs on imports—a fiscal firework show with unintended consequences. The jobs report arrived like a funeral telegram: 73,000 new jobs, a third of expectations. The BLS revised past numbers downward, revealing a meager 35,000 jobs added—since 2020, no less! Trump, ever the showman, dismissed BLS commissioner Erika McEntarfer. A move William Beach, his predecessor, decried as “a dangerous precedent,” as if statistics were stage props in a political farce.

    Technical Theater: Bitcoin’s Chart as Omen 🎩

    Observe the daily chart—a canvas of drama! Bitcoin’s peak at $123,200 crumbled to $112,000, a level once the pinnacle of May’s euphoria. This break-and-retest pattern, a sly conspirator in the market’s masquerade, whispers of a potential rebound. Should BTC cling above $112,000, the 50-day moving average beckons like a siren. A breach below? The 100-day average at $107,890 awaits—a safety net woven by time itself.

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    2025-08-03 16:39