Greeks.Live: Market needs time to digest tariff news, expects prices to bottom out in late March or April

On 4 March, the Greeks.Live Community Journal showed that traders are watching the $86,000-$87,000 level as a key support level as the recent ‘Trump market’ retraces its full course and market sentiment has turned generally bearish. Most traders are concerned about the market's reaction to the Trump tariff announcement, with many seeing yesterday's price action as a trap to liquidate over-leveraged positions.

The market is experiencing high volatility in terms of the impact of Trump's tariffs, with Bitcoin down $8,000-$9,000 from its recent highs, and yesterday's gains have been completely erased. Traders have noticed volatility indicators jumping from below 40 to 70 in a week, creating a difficult trading environment for both long and short sides.

Most believe the market needs time to digest the tariff news and expect prices to bottom out by the end of March or April, while some traders are taking advantage of the sell-off to build up spot and sell options for a premium. The report also notes that volatility is high in near-month term structures and that some traders are implementing calendar spread strategies (selling near options while buying forwards) to take advantage of volatility patterns.