Progress made in China-US tariff negotiations, don't think it's all good news! May 12th Bitcoin Auntie's evening thoughts

Today's China-US joint statement indicates that tariff negotiations have initially yielded results. Although it seems like progress is good, the US has not disclosed a complete tariff strategy, and even the Federal Reserve Chairman cannot predict the actual impact of the formal implementation of tariffs on the US economy.

Currently, the situation is on hold; negotiations have results but it may not necessarily be good news! The current tariff is only the basic 10% portion. If reciprocal tariffs are formally implemented, the impact will determine whether the Federal Reserve will take action based on the data. This means lowering interest rates! Therefore, the Federal Reserve's attitude towards tariffs is to wait for data and not make any predictions. Conan believes that the Federal Reserve will not easily lower interest rates; if they do, it means the economy is clearly in decline!

From a technical perspective, the price is operating well within an upward channel, but according to indicators, most show a clear need for a pullback. A normal upward trend will also have pullbacks, so we need to pay attention to the Fibonacci retracement level of 23.6% at the resistance level of 101580. If this level cannot be maintained, then the bullish trend in price will be terminated! The short positions today are quite precise; those who can follow up can take profits or move their stop-loss to protect gains! In the evening, continue to short during the rebound!

May 12th Bitcoin evening and early morning operation thoughts: Aggressive traders can enter short at 103000-103500, conservative traders can enter at 104000-104500, with a stop around 105000 and a target looking at around 102500-102200. If it breaks, look near 101600 and continue holding based on the situation!

May 12th Ethereum evening and early morning operation thoughts: Aggressive traders can enter short on a rebound at 2540-2560, conservative traders can enter at 2600-2620, with a stop around 2650 and a target looking at 2500-2480-2450. If it breaks, look near 2420-2400 and continue holding based on the situation!

Long position thoughts: Enter long around 101600, with a stop around 101000 and a target looking at 102500-103000-103500. If it breaks, look near 104000-104500;

For Ethereum, reference 2420-2450 to enter, with a stop around 2380 and a target looking at around 2480-2500, and if it breaks, look around 2520-2550!

The market's expectations for Federal Reserve interest rate cuts continue to weaken, coupled with escalating international situations, there is a possibility of a significant drop in the future. The high price is consolidating, and there is a risk of a pullback; caution is required for chasing high prices! #贸易战缓和 #ETH突破2500 #策略交易 $BTC