Tariffs Boost the US Economy, State-owned Assets Supervision and Administration Commission Studies Cryptocurrency to Propel Coin Prices Upward! 7.11 Bitcoin Auntie’s Strategy

The US imposes tariffs globally, and everyone thinks it's bad news, but in reality, the US uses tariffs to coerce other countries into signing trade orders or to establish factories in the US. This is done to develop the US economy. This move has directly caused the US stock market to soar, hitting historic highs continuously this year. Bitcoin has also suggested reaching historic highs this year. Last night, after the coin price broke 113,000, the party committee of the State-owned Assets Supervision and Administration Commission held a study meeting focused on the development trends and response strategies of cryptocurrency and stablecoins. This again boosted the coin price rebound to the 117,500 level, with Ethereum also breaking the 3,000 mark.

From a technical perspective, the daily chart shows a long upper shadow bullish candle, with the coin price breaking above the upper track, while the lower track has not widened. The KDJ three-line golden cross is diverging upwards, and the MACD dual lines are also diverging upwards, with significant volume indicators indicating a clear fund-driven rise, so exercise caution when chasing the rise during the day! Watch upper resistance at 117,500, 119,000, and 120,000, and lower support at 115,000, 113,000, 112,000, and 110,700.

7.11 Bitcoin Trading Strategy: Aggressive traders buy on retracement at 112,500-113,000, while conservative traders buy at 111,500-112,000, with a stop-loss below 110,700. The target is to look at around 114,000-115,000-116,000, and if it breaks, look at around 117,000-117,500, continue to move the stop-loss to protect profits based on the situation!

On a day of explosive growth, you can look for a wave retracement, short one lot at 116,500-117,000, with a stop-loss around 117,800, and look at around 115,500-115,000, if it breaks look at around 114,500-114,000-113,500.

7.11 Ethereum Trading Strategy: Aggressive traders buy on retracement at 2,800-2,830, add positions around 2,750, with a stop-loss around 2,720. The target is to look at around 2,870-2,900-2,930-2,950, and if it breaks, look at around 2,970-3,000, continue to move the stop-loss to protect profits based on the situation!

On the day, short one lot at 2,960-2,990, with a stop-loss around 3,030, targeting around 2,930-2,900, if it breaks look at around 2,870-2,850-2,830.

Bitcoin is not falling, Ethereum is catching up. Currently, the technical perspective shows continuous upper pressure breaking, but this round Ethereum has lagged too much. Pay more attention to recent fund movements, as Ethereum may continue to catch up! #BTC再创新高 #ETH突破3000