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Bullish Sentiment Persists in Bitcoin Market Amid EU Tariff Concerns

Despite fears over a potential 50% tariff on the EU, Bitcoin bulls target a support level of $102,000, with traders hedging against volatility.

BTC

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Terms & Concepts
  • put option spreads: A trading strategy that involves buying and selling put options to manage risk and profit from price movements.
  • support level: A price level where a downtrend can be expected to pause due to a concentration of demand.