Good morning, brothers. The market is just as we predicted
Due to the shock from Trump's tariffs
We now have to consider: Will there be a crash?
Yesterday, Trump announced that he will not consider extending the deadline for tariff negotiations.
July 9 is the deadline, and there is only one week left.
Trump once again threatened to terminate negotiations with countries like Japan
And directly impose punitive tariffs [Knock]
As soon as the news broke, the market immediately took a sharp downturn.
In addition, everyone is waiting for the voting results of Trump's bill.
Musk and Trump have started their mutual criticism mode again.
With one vote from Vance breaking the deadlock,
The U.S. Senate narrowly passed the "Big and Beautiful" bill,
Next, there will be a vote in the House of Representatives,
If passed, the U.S. will increase its debt by $3.3 trillion.
Tax cuts benefit the top 1% wealthy,
While it is expected that 12 million people will lose health insurance.
Yesterday we analyzed that this bill has far-reaching implications for our crypto space
Because it greatly diminishes the credibility of the U.S.
Leading foreign capital to reduce holdings in U.S. Treasury bonds.
After the outflow of funds from U.S. Treasury bonds, some will flow into BTC,
Reinforcing BTC's position as a substitute for the dollar.
However, in the short term, the financial market is negatively affected by Trump's tariffs and the passage of the bill,
U.S. stocks will correct, and the crypto space will follow suit,
It is not ruled out that around July 9, it may once again fall below $BTC 10 [Cold]
We need to be prepared,
If it falls below, we can gradually buy the dip on BTC, and let's not consider altcoins for now.
