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Following the United States' announcement of an additional 50% tariff on China, China has also announced an additional 50% tariff on the United States.
Both China and the United States are standing firm.
The escalation of the trade war is clearly negative for the US stock market and the cryptocurrency market.
I remain bearish on Bitcoin in the short term, and those trading long positions should exercise caution and set stop losses, focusing primarily on shorting after a rebound.
