Good morning, brothers 🌞🌞🌞 Bao Ge didn't update due to a business trip over the weekend, but today we are rebooting！！！！
First, let's talk about recent events and today's market analysis 🌹🌹
Last week was really a rollercoaster; the big and beautiful bill proposed by the wise king passed, exceeding the expectations of the non-farm payroll. During this, an ancient giant whale holding 80,000 bitcoins mentioned selling, which caused a brief panic sell-off.
However, the giant whale can't just recharge and sell coins on the exchange. After all, he affects the wallets of tens of thousands of people. Personally, I speculate that big players and institutions will take over the BTC he holds.
This week, we are mainly focusing on the wise king's tariffs. The deadline for reciprocal tariffs on July 9 is approaching, and negotiations are in the final sprint. It has been three months since the wise king postponed the implementation of reciprocal tariffs, and currently, the negotiation progress shows that the U.S. and Vietnam have signed two agreements, while negotiations with China, India, and Japan seem to have encountered obstacles.
In the last two days, the possibility of completing negotiations with all 18 major trading partners seems quite low 😭😭
So this week there might be significant fluctuations; either we reach a few major agreements and BTC surges, or a high tax cut leads BTC to fall below $100,000.
After the passage of the big and beautiful bill, the credit of U.S. debt has decreased, which is a long-term positive for BTC. At the same time, Musk is preparing to make a big move, planning to establish the American Party, and he claims there is no hope for fiat currency anymore. The American Party will embrace BTC, and the consensus that BTC will replace fiat currency is becoming stronger!!!
