Today is Very Critical for Bitcoin! Will the Expected US Data Trigger a Rise? Analysis Company Announced!

President Donald Trump announced reciprocal tariff schedules on April 2, U.S. Liberation Day, and imposed a minimum tax rate of 10% on all imports into the country.

Bitcoin and altcoins rose sharply before Donald Trump’s tariff announcement, but following the announcement of mutual tariffs, global markets fell, and BTC and altcoins also began to decline.

As all gains made since the beginning of the week in Bitcoin and altcoins are wiped out, BTC recovered above 83 thousand dollars on Friday when critical US data is set to be released.

“Markets wasted no time reacting to Trump’s announcement of reciprocal tariffs. BTC was sold off sharply, dropping from a session high of $88,500 to a low of $81,200, erasing previous gains and triggering widespread liquidations in the crypto complex. More than $221 million in long positions were liquidated, and BTC took a heavier hit compared to ETH.”

After negative winds such as reciprocal tariffs, the markets are focused on the US non-farm payroll report, which could affect expectations for FED interest rate cuts and potentially raise cryptocurrency prices.

According to this, experts predict that the non-farm payroll data to be announced today could provide momentum for a short-term relief in the markets.

The Singapore-based cryptocurrency platform QCP Capital stated that the lower-than-expected figures could lead the FED to interest rate cuts.

Because Bitcoin and the broader crypto market tend to respond positively to interest rate cuts, as lower interest rates reduce interest in traditional investments like bonds and redirect investors towards alternatives like BTC.

In addition, a weaker dollar along with interest rate cuts can increase the value of BTC as a hedge against inflation or currency devaluation.

QCP analysts recently stated that high volatility continues in the short term, indicating that investors have not been able to enter a bullish sentiment.

As investors turn to put positions to protect against potential declines, analysts also added that the environment is ready for a rise.

“In the short term, we continue to observe high volatility along with more downward protection buyers. This trend emphasizes the prevailing mood: uncertain and cautious.”

However, due to the current low positions and the significant overselling of risky assets, the environment may be ready for a rebound in the short term.