Trump announced on Wednesday that a trade agreement has been reached with Vietnam. Trump stated that a 20% tariff will be imposed on Vietnamese goods, a 40% tariff on any re-export trade, and claimed that Vietnam has fully opened its market to the United States, allowing American products to be sold to Vietnam at zero tariffs.
In fact, this was all expected; small countries have no choice but to back down. You might wonder about the global impact, but it really is negligible. It only slightly blocks certain countries' re-export channels. Some country faces a 50% tariff. Some say that the recent surge in the cryptocurrency market is due to the agreement on tariffs with Vietnam, but in reality, if there was any positive impact, it should be from negotiations with Japan, after all, Japan is the third-largest economy in the world. Now it's just that the big players want to exploit the market, looking for news from far and wide, forcing it into the narrative. If BTC breaks through its previous high this time, it goes without saying that this bullish market will come to an end. Many people say that national funds are increasing their BTC holdings, but that's nonsense. The East has been continuously increasing its gold holdings for two years, and BTC, which is being called 'pseudo-gold,' is not fooling most countries with Wall Street hype. If BTC rises above 109,000, I believe it will be in the upper range of this phase. At this point, I can only advise you to short. Don't chase after more; the big players are looking for a gimmick to offload. The more this surge occurs, the more you need to stay steady. $BTC
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