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Bitunix Analyst: Trump Intensifies Trade Agreements, BTC Stabilizes as Altcoins Strengthen, BTC Faces Resistance at 120,000 and Support at 116,300
Summary: According to reports, US President Trump announced a historic agreement with Japan, with Japan investing $55 billion and significantly opening its market, while the US will receive 90% of the profits and lower car tariffs to 15%. On the same day, Trump also revealed trade agreements with the Philippines and Indonesia, allowing the US to ...
According to reports, US President Trump announced a historic agreement with Japan, with Japan investing $55 billion and significantly opening its market, while the US will receive 90% of the profits and lower car tariffs to 15%. On the same day, Trump also revealed trade agreements with the Philippines and Indonesia, allowing the US to impose a 19% tariff. With the upcoming 50% copper tariff effective on August 1, the global trade landscape is rapidly changing, leading traders to accelerate shipments and increase market risk aversion. Bitunix analysts suggest that recent news has brought uncertainty to the crypto market, prompting a shift towards short-term trading. While BTC has held the $116,000 support level, it has struggled to break through the $120,000 range, indicating a clear consolidation pattern. Investors are advised to operate with a short-term mindset, with Bitcoin support at $116,300 and resistance at $120,000. It is recommended to reduce positions during fluctuations; if it falls below $116,300, caution is advised against potential pullbacks.
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Link: Bitunix Analyst: Trump Intensifies Trade Agreements, BTC Stabilizes as Altcoins Strengthen, BTC Faces Resistance at 120,000 and Support at 116,300 [Copy]
