AsianFin -- Bitcoin’s brief rally to $81,180 quickly unraveled Tuesday after the White House confirmed that sweeping 104% tariffs on Chinese imports will take effect on April 9.

The surge was initially fueled by false reports suggesting a potential pause in the tariff rollout. But as soon as the administration reaffirmed its hardline stance, risk sentiment soured, sending BTC tumbling below $75,000 for the first time since November 6, 2024.

Traders are now eyeing a key demand zone — a fair value gap between $77,000 and $73,400 — as a potential support area for a bullish reversal. The zone, formed during the November 2024 “Trump pump,” is seen as a critical battleground for Bitcoin bulls hoping to stabilize the price amid mounting macro uncertainty.