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Bitunix Analyst: Trump Tariff Pressure Heating Up Causes Crypto Market Volatility, Focus on Changes in Short-term Support at 108,000 and Resistance at 110,348
Summary: According to reports, US President Trump stated that he will issue new tariff notifications to trading partners as early as Friday to increase pressure before the July 9 negotiations. This move signals a possible new round of escalation in US global tariff policy. Market concerns about further deterioration in global trade, impacting economic prospects, causing ...
According to reports, US President Trump stated that he will issue new tariff notifications to trading partners as early as Friday to increase pressure before the July 9 negotiations. This move signals a possible new round of escalation in US global tariff policy. Market concerns about further deterioration in global trade, impacting economic prospects, causing the US dollar to fluctuate, and strengthening safe-haven assets like gold in the short term. Bitcoin prices are currently consolidating around 108,849, constrained by the previous high pressure at 110,348, with a significant concentration of short positions above in that area. Although the price has broken through the downtrend line, it faces resistance in the pressure zone, and if it falls below 108,000, it will return to the supply-demand imbalance area. Bitunix analysts suggest: BTC is currently at a critical turning point, if it holds above 108,000, it may challenge 110,348 and the clearing area near 112,000; otherwise, it may retest the support range of 106,000~105,000. Short-term operations should be cautious in layout due to macro risks, leaning towards range trading, and managing positions properly, avoiding emotional trading.
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Link: Bitunix Analyst: Trump Tariff Pressure Heating Up Causes Crypto Market Volatility, Focus on Changes in Short-term Support at 108,000 and Resistance at 110,348 [Copy]
