On July 8th, US President Trump announced the postponement of the reciprocal tariff deadline to August 1st. Affected by the tariff announcement, the US dollar exchange rate rose to a new high in over a week. So far, only a few countries have successfully reached an agreement. During this period, the United States made negotiation progress with the United Kingdom, Vietnam, and China. Trump simultaneously warned countries against retaliation. BTC daily chart shows it remains under pressure at the 110,348 resistance level.
Bitunix analyst recommendations:
BTC previously showed a demand zone reaction between 106,000-107,000, and the liquidation heat map also shows a large number of open long positions at 107,000, forming support. BTC's short-term key resistance is at 110,348, and breaking through could challenge 112,800. In terms of operation, it is recommended not to chase highs for short-term longs, and pay attention to the liquidity aggregation zone of 107,000 - 106,000. If it breaks below 106,000, the sentiment will turn bearish.
