2.23 Monday midday market analysis. The uncertainty of Trump's tariff policy directly dealt a blow to the US dollar, with data showing the dollar weakening against major currencies across the board.

Market reactions to this "unpredictability" are often more intense than the policy itself, and the short-term weakness of the dollar is a significant positive for the crypto market. The macro logic is simple: as the US Dollar Index (DXY) weakens, the valuation pressure on risk assets is released.
Although long-term tariffs may push inflation higher, current funds are more inclined to seek safe havens and inflation hedges. Instead of worrying about future trade frictions, it’s better to watch the dollar’s downward channel—breaking key support levels could be the signal for Bitcoin to start the next wave of movement!
After facing resistance around 68,687 in the 1-hour chart, Bitcoin’s price continued to weaken along the MA7/MA30 moving averages, forming a clear bearish trend. As MA7 (66,205) crosses below MA30 (67,435), bearish momentum is concentrated, and the price directly broke through the critical support levels of 67,000 and 66,000, reaching a low of 64,232, indicating strong bearish force.
Currently, the market is in a weak rebound phase after a sharp decline. The 65,500-66,000 zone above is the previous support-turned-resistance area and the core trading zone for high short positions.
BTC trading suggestions: Long positions around 64,000, add on dips near 63,000, take profit at 65,500-67,000, stop loss below 62,500.
ETH trading suggestions: Long positions between 1,800-1,850, take profit and add on dips at 1,750, take profit at 1,880-1,930, stop loss below 1,700.