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

Following Trump's new tariff policies, especially the announcement to raise global import tariffs to 15% (from 10%), liquidity concerns, rising inflation expectations, and a delay in the Federal Reserve's rate cut path (possibly until July) have put risk assets under comprehensive pressure. During the Asian session, selling was particularly intense, 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, and this morning the crypto market experienced a sharp decline, with BTC dropping to a low of 64232 and ETH to 1844!

BTC
Support 57850-60000/63750
Resistance 75475/83960
Key levels 70900 and 64800
Yesterday, after a necessary decision to choose a direction, today’s market dipped first to sweep out liquidity from long positions. However, BTC has now recovered to the 66300 level. If you looked at yesterday’s key levels and support points, many long positions would have been profitable now; of course, there was no opportunity to short yesterday, so no chance there!

ETH
Support 1600/1385
Resistance 2225/2749
Key levels 1840 and 2100