The market is showing a bearish trend with BTC currently trading around 93,293, down 2.01% in the last 24 hours, and its dominance at 59.12%. This downturn follows a significant sell-off driven by liquidations, particularly impacting leveraged positions. Several altcoins are also experiencing similar price action. While the overall market sentiment is negative, some short-term indicators suggest potential for recovery if key resistance levels are broken. The analysis also touches upon macroeconomic factors like US-EU trade tariffs and their potential impact on market sentiment and asset pricing, highlighting increased uncertainty and risk.