Donald Trump's aggressive stance on international tariffs has had a negative impact on global markets, leading to a $2.3 billion liquidation in the broader market. This has also affected Bitcoin and other cryptocurrencies, with Bitcoin dropping to $95,300 and showing a bearish trend. Market analysts and on-chain data suggest a potential further decline to the $90,000 support level. However, there are signs of potential recovery, as Bitcoin finds support at critical levels and avoids a bearish breakdown. Analysts note that the profit-to-loss margin for Bitcoin is currently low, indicating a downside risk. Speculations in the derivatives market are also bearish, with a drop in the long-to-short ratio and open interest. The funding rate has decreased, indicating weakness in bullish sentiments. Overall, Bitcoin is facing strong bearish pressure, but if selling pressure eases, there may be a short-term recovery triggered by key support levels.



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