📝 April 6 Morning Market Analysis: What did the market choose on the first night after tariffs were implemented?

After the first full trading day of tariffs officially taking effect, the Asian morning and the US stock market's late session extended into the night session provided a new answer—the rebound. Yesterday’s “bad news landing” did not trigger a chain of sell-offs, and this morning the crypto market actually saw a slight recovery, with sentiment beginning to repair from extreme panic.

📊 Morning Data (as of around 00:40 UTC on April 6)
• BTC: $69,200 | 24h +3.0%
• ETH: $2,120 | 24h +2.8%
• Total Market Cap: $2.44 trillion | +1.95%
• Fear & Greed Index: 13 (Extreme Fear)🔴 (Slightly improved from yesterday’s 9, but still in the historical bottom range)

🔍 Market Reaction Interpretation
Under the dual pressure of tariffs landing and oil prices remaining high (WTI still steady at $112-113), BTC did not continue to decline. Instead, after forming a bottom around 66k-67k, it quickly rebounded nearly 3%. This once again confirms yesterday’s judgment: tariffs have already been priced in by the market.

Yesterday’s decline was more about emotional release, while today’s rebound reflects smart money quietly entering during extreme panic. The entire market’s total capitalization recovered nearly 2% in 24 hours, with low leverage liquidations, indicating no panic sell-offs. The crypto market is showing everyone: once the bad news is out, it’s good news.

⚡ The real risk today is still not tariffs
It’s oil prices and geopolitics. The escalation of tensions in Iran has led to continued disruptions in the Strait of Hormuz, with WTI remaining at high levels of $112+, and inflation expectations being pushed higher again. The Federal Reserve’s rate cut path faces more uncertainty.

But note: BTC only slightly dipped in the context of soaring oil prices and then quickly rebounded, demonstrating its role as “digital gold” for safe-haven purposes is gradually being realized. Geopolitical risk remains the biggest variable in April, but the market is already digesting it through price.

🎯 My outlook (early morning update)
The tariff story is basically coming to an end; signals of ceasefire and rate cut expectations remain the main themes for April, and that remains unchanged.
• BTC support levels at $65,000–66k still hold (verified yesterday), current rebound has already surpassed 68k, with short-term resistance at 69k–70k
• Target range remains at $78,000–$82,000, though the timeline may be slightly delayed due to geopolitical factors, the trend remains unchanged
• If any signs of de-escalation in Iran (ceasefire negotiations or easing in the Strait), the rebound signal will immediately strengthen

In one sentence:
Yesterday’s decline was emotional; today’s rise shows resilience. The fear index at 13 is still in the zone most prone to bottom reversals in history. While others are panicking, you can already start counting bullets.

On the morning of April 6, the market responded with a slight rebound: we’ve known about tariffs for a long time, the real variables are geopolitics and liquidity. Maintain your positions and patiently wait for the main trend signals.
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