Bitcoin surged 1.9% in the past 24 hours, climbing back above $110,000 after U.S. President #DonaldTrump announced the postponement of a 50% tariff on EU imports from June 1 to July 9. The move revived bullish sentiment after #BTC had dipped to $107,500 amid tariff concerns. Analyst Cas Abbé noted a bullish pennant forming, signaling a potential uptrend continuation. Despite $207 million in daily liquidations, market sentiment remains in the “Greed” zone, with Bitcoin open interest rising 3.5% to $77.3 billion, reinforcing short-term bullish prospects.
