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Bitcoin Briefly Dips Below $80k as US-China Tariff Conflict Has Traders on Edge

  • Bitcoin briefly dipped below $80k as the US-China tariff conflict has traders on edge.
  • Tariffs on Chinese goods are now at 145%, causing lasting psychological damage to markets and corporations.
  • Loss-taking events are decreasing, suggesting potential seller exhaustion in the near term.
  • Bitcoin needs to reclaim the $93K level to reestablish upward momentum, while holding the $65K-$71K range is crucial for maintaining bullish support.

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