MICA Daily｜Tensions between Europe and the US, BTC may drop below $90,000 again

BTC plummeted to $91,000 yesterday at noon, then in the evening, following the decline of the US stock market, it briefly fell below $90,000. It finally hovered above $90,000, and ETH is currently just holding above $3,000. Observing the BTC daily chart, it has already confirmed a drop below the short-term downward trend line, so a downward trend is expected in the short term. Whether it can hold above $90,000 has become a key point. The US stock market’s decline yesterday was mainly influenced by tensions between Europe and the US. Recently, relations between Europe and the US have rapidly deteriorated due to Trump’s plans to occupy Greenland. Yesterday, Denmark’s pension fund Akademiker Pension also announced it will liquidate US Treasury investments by the end of this month, raising concerns that Europe and the US might enter a trade war. Investors fear changes in the global order and uncertainty, which caused the US stock market to plunge at the open on Tuesday, leading cryptocurrencies to continue falling as well.