Bitcoin traders are closely monitoring market movements to prevent a significant price drop below the critical $100,000 support level.
This heightened vigilance comes as the market reacts to and digests the implications of newly imposed 55% tariffs by China.
The substantial tariff increase represents a significant economic measure impacting global trade flows, prompting traders to assess potential effects on cryptocurrency market sentiment and capital allocation.
Maintaining the $100,000 threshold is viewed as crucial for sustaining the current bullish market structure and preventing a deeper correction.