Next week Trump will announce the results! A storm is about to come...

Tuesday is the day Trump announces the latest tariffs. According to the current information, Japan will not bow to the United States, and Europe is also unlikely to let Trump have his way. If Trump really imposes a 30% or even 50% tariff on Europe, it would be extremely negative for the market.

Now it depends on whether Trump can be as tough as he claims or if he will back down on the last day. The previous 10% tariff has already caused prices in the U.S. to begin rising. If additional tariffs are fully implemented, inflation in the U.S. will only worsen, corporate profitability will decline, and layoffs and economic recession are highly likely.

The only turning point now is if Trump changes his mind. His bottom line has always been very flexible; he previously said he would raise tariffs and then suddenly paused. The outcome announced next Tuesday is uncertain.

However, regardless of the result, the U.S. will impose some additional tariffs compared to before, and inflation is bound to rise in the coming months. The only question is whether it will rise moderately or significantly. A bull market may require the Federal Reserve to intervene in September to restart.

Bitcoin traded sideways over the weekend. For short-term trading, you can look at the support level of 107200 and the resistance level around 109200. If you're cautious, it's fine to not trade and just wait for Trump's announcement on Tuesday! 😟