The Top Might Just Be In: BTC Weakens as Bessent Hints at Tariff Reversal.🔝🔻🔻
JUST IN: U.S. Treasury Secretary Bessent says “China tariffs could always return to April 2 levels.”⛔⛔⛔
That’s not a bullish signal.
BTC/USDT just printed a rejection at $105.8K — right at the upper Bollinger Band. Daily volume is fading, and we may be seeing the first signs of a momentum slowdown.
Key Technicals:
MACD flattening🔻
Bollinger Band resistance🔻
Price hovering at $104K with no strong🔻 follow-through
Risk of bearish divergence on higher timeframes🔻
Macro Risk: If tariff tensions reignite, expect volatility across all risk-on assets — and BTC won’t be immune.
This could be the setup for a local top or short-term reversal. Shorts are winning.