BlockBeats News, on May 9, U.S. President Trump and U.K. Prime Minister Starmer reached the first trade agreement, eliminating some non-tariff barriers, including the U.K. reducing steel and aluminum tariffs to zero, the U.S. cutting auto tariffs on the U.K. to 10%, and the U.K. withdrawing the 2% digital tax on U.S. e-commerce. This agreement helps ease trade tensions and boost market confidence. However, the agreement remains a framework, with no substantial concessions in sensitive areas, the 10% baseline tariff retained, and overall policy direction still uncertain. Trump also stated that if U.S.-China negotiations go smoothly, he will consider lowering tariffs.
Bitunix Analyst Suggests: Driven by positive news, Bitcoin broke through 100K, reaching as high as 104K, with a daily increase of over 7%. The advancement of negotiations between China and the U.S. as well as the U.K. and the U.S. helps reduce geopolitical risks. However, after BTC temporarily breaks out of the range, it is not advisable to chase high prices; it is better to wait for a pullback to position, while also paying attention to next week's CPI, PPI, and negotiation progress, and cautiously allocating assets to avoid risks.
