After the China-U.S. trade agreement, when will the continuously consolidating BTC break through $110,000?
China and the U.S. discussed a new trade agreement in Switzerland, and the cryptocurrency market continues to consolidate! After a week of anticipation, representatives from China and the U.S. finally met last weekend in Geneva, Switzerland, to discuss a new trade agreement. Although both sides stated that progress had been made in the negotiations, the cryptocurrency market experienced slight fluctuations. Cryptocurrency analyst RLinda believes that this consolidation is not a sign of market weakness, but rather a strategic restructuring for the next round of increases.
A statement from the White House quoted Treasury Secretary Scott Bessent and others, indicating that substantial progress had been made in the negotiations, but did not disclose specific details. U.S. Trade Representative Ambassador Jamieson Greer also gave a speech, similarly not revealing substantive content, only mentioning the national emergency declared by President Trump and a trade deficit of up to $1.2 trillion, and expressed confidence that the agreement reached with China would help address this issue.
Despite the officials' vague statements, the market still reacted. Santiment pointed out that after the China-U.S. statement was released, the stock market initially responded positively, as traders expected that tariffs might no longer be an investment obstacle. Meanwhile, after more than a month of bottoming out in the cryptocurrency market, the discussion rate of tariffs surged for the first time.
However, this positive sentiment did not last long. The price of Bitcoin rose to $105,000, then quickly fell back, currently around $104,500. Other altcoins also experienced varying degrees of fluctuations. Therefore, Santiment advised investors to operate cautiously and wait for clearer news to be released.
In summary, if this agreement can ultimately reduce the impact on import and export businesses in both countries, it could be good news for all markets. But currently, nothing has been finalized, and details are expected to be released later today! At that time, please do not blindly invest, to avoid falling into the trap of 'buying on rumors, selling on news'.
