July 9th Bitcoin Market Analysis

The main reason for the market recovery is that Trump has again postponed tariffs until August 1st, suggesting that key trade negotiations are still in play. China, as a major trading partner not included in the list of 14 countries, may face separate tariff arrangements. It is worth noting that if the "Great Beautiful Bill" is introduced alongside the tariff policy, it may exacerbate inflation expectations and force the Federal Reserve to accelerate interest rate cuts.

The current technical analysis for Bitcoin shows that $110,500 has formed a strong daily resistance level, making it difficult to break through in the short term. It is expected to fluctuate within the range of $110,000-$105,000.

Trading Suggestions: Intraday resistance levels: 110300-109800 Short

Intraday support levels: 107500-107000 Long