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Bitunix Analyst: Brazil Plans to Sue US for Tariffs; BTC Faces Next Resistance at 114000, Support at 109000
Summary: According to reports, Brazilian Finance Minister Adar may sue the US government in American courts for a 50% tariff, warning against weaponizing the US dollar. This action intensifies US-Brazil tensions and discussions on de-dollarization, becoming a variable in emerging market fund flows and risk preferences. In the cryptocurrency realm, BTC liquidation heat map shows a ...
According to reports, Brazilian Finance Minister Adar may sue the US government in American courts for a 50% tariff, warning against weaponizing the US dollar. This action intensifies US-Brazil tensions and discussions on de-dollarization, becoming a variable in emerging market fund flows and risk preferences. In the cryptocurrency realm, BTC liquidation heat map shows a concentration of liquidation and orders at 114000, posing as the main resistance; with upper resistance at 116800; and support at 112000, 109500-110000. Bitunix analysts suggest that this event is part of a long-term legal and policy game, with limited short-term impact on liquidity, with the key still on the DXY trend and tariff implementation pace. If the US dollar weaponization dispute escalates and settlement diversification spreads, it will benefit the BTC medium to long-term narrative; conversely, a stronger US dollar will suppress valuation. It is recommended to monitor US-Brazil legal actions and US bond yields, while observing whether 114000 can be broken through and stabilized.
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Link: Bitunix Analyst: Brazil Plans to Sue US for Tariffs; BTC Faces Next Resistance at 114000, Support at 109000 [Copy]