#USChinaTradeTalks Key Takeaways for Crypto Traders 🇺🇸🇨🇳

1. Trade Talk Highlights

• High-level US-China negotiations took place in London on June 9–10, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Trade Rep Greer, and China’s Vice Premier He Lifeng.

• Agenda included easing export controls on semiconductors and rare earth minerals. China has already approved some rare-earth export licenses; the US signaled willingness to ease certain chip restrictions.

• US optimism: Kevin Hassett expects a “short meeting” with a “big handshake” and actual results Still, disputes remain over advanced semiconductors, rare earths, and student visas

2.Crypto Market Response

• Bitcoin rallied from around $105.6K to ~$107.8K amid trade-talk optimism.

• Correlated with chip and tech stock gains—Nvidia, AMD, Intel saw ~2–4% jumps as markets priced in easing restrictions.

• On‑chain data shows whale accumulation: BTC and ETH whales increased positions, trading volumes on Binance 13–15%

3. Trading Strategy & Key Levels

• BTC support: $105K; resistance at $110K–115K

• ETH support: $2.6K; resistance at $2.8–2.9K

• SOL testing resistance in mid-$150s; a breakout could drive another 5–10% rally