Over the weekend, U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng announced a landmark agreement in Geneva to lower tariffs that had strained bilateral trade for months.
Under the deal:
The U.S. will reduce tariffs on Chinese imports from 145% to 30%.
China will cut duties on U.S. goods from 125% to 10%.
This development triggered a broad-based market rally, with S&P 500 futures rising 2.8% and the U.S. dollar gaining 0.7%. Conversely, gold dropped 2.3%, indicating a shift away from traditional safe-haven assets.rs Point to $150K BTC Target
Bitcoin’s recent price action confirms a breakout from a “bull flag” pattern on the weekly chart—a bullish continuation setup that suggests a potential rise to $150,000.
This pattern formed after BTC peaked near $110,000 in January, followed by a period of consolidation. The breakout above the flag’s upper trendline, accompanied by increased volume, reinforces the bullish outlook.
Momentum indicators, such as the Relative Strength Index (RSI), support this view, with the weekly RSI rebounding above 65, reflecting renewed buying pressure without entering overbought territory.