The Top Might Just Be In: BTC Weakens as Bessent Hints at Tariff Reversal.đđ»đ»
JUST IN: U.S. Treasury Secretary Bessent says âChina tariffs could always return to April 2 levels.ââââ
Thatâs not a bullish signal.
BTC/USDT just printed a rejection at $105.8K â right at the upper Bollinger Band. Daily volume is fading, and we may be seeing the first signs of a momentum slowdown.
Key Technicals:
MACD flatteningđ»
Bollinger Band resistanceđ»
Price hovering at $104K with no strongđ» follow-through
Risk of bearish divergence on higher timeframesđ»
Macro Risk: If tariff tensions reignite, expect volatility across all risk-on assets â and BTC wonât be immune.
This could be the setup for a local top or short-term reversal. Shorts are winning.