The game of finishing off and killing: upon the announcement of 100% tariffs on goods from China by Trump - the crypto market crashed. So, the beginning of February seemed like a mere appetizer.

The price of BTC has momentarily dropped to $102,000, significantly surpassing the targets of the "Bearish Wedge." ETH briefly reached $3,435. Overall, it's still worth studying the situation in the market, but it's already clear that this UPtober and the upcoming Moonvember will likely be remembered for the most severe and massive long squeeze in the history of the crypto market.

What is sad and funny - this epic hourly candle - the second Strong signal of potential loyalty. A bright proof of why one must wait for a trend change at least on the lower time frames. And confirmation of the correctness of not jumping into a long position during what seemed to be a reversal pattern. Right now, the third candle has opened.

Let's go study the charts and wait for when to allocate the deposits into the remaining 8 altcoins that we have selected.

And for now - here is what triggered the collapse. Trump is truly the most cursed person on the planet right now, no doubt about it👇

A post on Trust Social was published just when many believed that the bottom in the markets had been reached. By the way, even before this second post from Trump, the US stock market had already lost $1.5 trillion in capitalization. It's interesting to see how much it is now.

In a new post, Trump stated that China has taken an unusually aggressive stance on trade issues, sending a threat to the whole world. Starting November 1, 2025, China plans to impose export restrictions on almost all goods produced in China, as well as those imported into the country.

He called it "a moral disgrace" that violates international trade norms. And stated that China has resolutely set itself the goal of complicating trade and imposing its monopoly on exports.

In response, starting November 1, the USA will impose a 100% tariff on goods from China and restrictions on critical software:

"It was impossible to predict, but China has taken on this responsibility. It's time to act!"