🚀 Bitcoin may encounter a bull trap as the US-China trade war escalates! QCP Capital warns about a new price surge in crypto.
- Trump temporarily suspends new tariffs, global markets surge, but China remains under pressure. 🧐
- QCP: "Prepare for a counterattack from Beijing. If China responds strongly, the price surge could turn into a bull trap."
💸 Bitcoin could benefit from the weakening yuan. USD/CNY hits a 18-year low. Arthur Hayes: "BTC likes money printing and currency weakening."
- Sina from 21st Capital: "When the yuan is weak, capital flows out, partly into Bitcoin. BTC is not just a hedge, but essential in a world seeking stability."
💬 What do you think about the impact of the trade war on BTC? Share your thoughts!