After the sweeping US tariffs announced on April 2 2025, risk assets sold off for days and Bitcoin fell to about $74,500. On April 9 the US announced a 90-day pause on most of the new tariffs, and markets reversed violently: Bitcoin rose from below $75,000 to above $83,000 and closed the day up 8%.
This is a hard session because the bottom and the reversal came from policy, not price: the chart gave little warning, shorts that had worked all week were suddenly the worst position to hold, and the rally continued well past the first "that's enough" level.
Same engine, same hidden right-hand side — a different day's problem.