Under the impact of Trump's new tariff policies, the Fear & Greed Index has dropped to a historic low of only 5. The market experienced a significant decline this morning. How will the market develop next?

Under the influence of Trump's new tariff policies, especially the announcement to raise global import tariffs to 15% (from 10%), liquidity concerns, rising inflation expectations, and the Fed's delay in rate cuts (possibly until July) have put risk assets under comprehensive pressure. Selling pressure was particularly intense during the Asian session, and the thin liquidity amplified volatility.
In the past 5 days, concerns about inflation driven by tariff impacts have pushed gold higher. Currently, XAU is consolidating around 5165;
Risk assets continue to be under pressure, liquidity remains sluggish. This morning, the crypto market experienced a sharp decline, with BTC dropping to a low of 64,232 and ETH to 1,844. The spot regions for BTC/ETH have already been touched. In yesterday's analysis, I told you again that you should place orders to go long on the spot!
Today, I give you another chance to get in! So when there are big gains in the medium to long term later, don’t say I didn’t give you the opportunity!
BTC
Support: 57,850-60,000 / 63,750
Resistance: 75,475 / 83,960
Key levels: 70,900 and 64,800
Yesterday, after having to choose a direction, today’s first move was a dip to sweep out long liquidity. However, BTC has now recovered to around 66,300. If you looked at yesterday’s key levels and supports, many long positions would definitely be profitable now; of course, I didn’t give you a chance to short yesterday, so that’s not an option!
ETH
Support: 1,600 / 1,385
Resistance: 2,225 / 2,749
Key levels: 1,840 and 2,100
Yesterday’s key level was 1,905, and spot traders could have entered. The 1,840 level was missed by just 5 dollars, so just place an order. This wave is about entering in batches! As I always say, if you don’t get in now, when will you?
XAU
Support levels are not provided; here’s the thinking: in the short term, strong momentum tonight suggests it’s not suitable to short. It’s better to set a stop-loss and buy back on a small dip; observe the short-term trend tomorrow before deciding on next steps! Focus on the 5100-5125 range tonight for a short-term buy opportunity, with a stop-loss at 5100-5090, and take profit at your discretion, limited to 8:00 AM tomorrow!
Trading advice: BTC/ETH are rare spot opportunities that come once every few years. Enter in batches, repeatedly—say it three times; contracts can be watched for XAU, and for BTC and ETH, always use stop-loss. No stop-loss, no trading. Keep an eye on key levels and trade accordingly. Both long and short positions are possible; stop-loss is your safety net!