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Bitunix Analyst: Tensions in US-EU Trade Relations Unresolved, BTC Longs and Shorts in Tug of War, Support at 117,000, Resistance at 121,200, Suggests Observing Breakout Direction
Summary: According to reports, EU diplomats have taken a tough stance, stating that if an agreement cannot be reached with the US, they will support counter-coercion measures. US Treasury Secretary Benson responded by stating that if the EU wants to reduce tariffs by 30%, they must propose an innovative financing arrangement similar to Japan's. Currently, the ...
According to reports, EU diplomats have taken a tough stance, stating that if an agreement cannot be reached with the US, they will support counter-coercion measures. US Treasury Secretary Benson responded by stating that if the EU wants to reduce tariffs by 30%, they must propose an innovative financing arrangement similar to Japan's. Currently, the EU has not submitted a specific plan, negotiations are limited, intensifying market concerns about escalating transatlantic trade friction. Bitunix analysts suggest: Amid macro uncertainty, BTC is fluctuating around $119,300, with $120,800 to $121,200 as a short-term bullish liquidation zone, posing strong potential pressure. Support is evident around $117,000, with a break below potentially triggering a new round of stop-loss selling. Short-term operators are advised to use the $117,000 to $121,200 range as a strategy, focusing on selling high and buying low. A break above $121,800 may be seen as a short-term strengthening signal; conversely, if it falls below $116,500, it is advisable to wait and avoid liquidation risks. The overall situation is still dominated by macro policies and trade patterns, so it is recommended to remain flexible and adaptable.
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Link: Bitunix Analyst: Tensions in US-EU Trade Relations Unresolved, BTC Longs and Shorts in Tug of War, Support at 117,000, Resistance at 121,200, Suggests Observing Breakout Direction [Copy]
