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Bitunix Analyst: Trump Tariff Delay Makes BTC 110,348 Short-Term Key Resistance
Summary: According to Bitunix analysts, US President Trump announced a delay in the deadline for equal tariffs until August 1. Due to the tariff policy, the US dollar exchange rate against other currencies has risen to a new high in over a week. Only a few countries have successfully reached agreements so far. During this period, ...
According to Bitunix analysts, US President Trump announced a delay in the deadline for equal tariffs until August 1. Due to the tariff policy, the US dollar exchange rate against other currencies has risen to a new high in over a week. Only a few countries have successfully reached agreements so far. During this period, the US has made negotiation progress with the UK, Vietnam, and China. Trump also warned countries not to retaliate. The BTC daily chart shows pressure still at the 110,348 resistance level. Bitunix analysts suggest that BTC previously showed a demand zone reaction between 106,000-107,000, with a significant amount of open long positions at 107,000 forming support. The short-term key resistance for BTC is at 110,348, with a potential challenge to 112,800 if broken. It is advised not to chase high short positions and to focus on the liquidity accumulation zone at 107,000-106,000 for pullbacks. If it falls below 106,000, a bearish mindset may prevail.
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Link: Bitunix Analyst: Trump Tariff Delay Makes BTC 110,348 Short-Term Key Resistance [Copy]
