Execution paused, negotiations continue, both sides retain 10% tariffs, which is the final result reached after yesterday's US-China tariff negotiations.
Overall, the market's performance shows a positive reaction to the US-China trade consensus. The impact of the news also has a timeline; it cannot last indefinitely, so the upcoming market will return to rationality.
Last night, US stocks opened high across the board, Bitcoin initially surged to a high of 1046 before encountering resistance and began to decline, reaching a low of around 100700 at about 3 AM before starting to rebound.
In the short term, the Black Three Soldiers pattern at 00:00 on May 13 and the Top Distribution pattern at 04:00 on May 13 indicate that there may be downward pressure in the short term. However, the Bottom Distribution pattern that appeared at 08:00 on May 13 suggests strong support below, indicating signs of a rebound.
Today's BTC trading suggestion: 101500-101900, with a stop loss of 800 points and a target of 104070, looking to break through to 105100.