On July 9th, according to Bitunix analysts, the US Secretary of Commerce stated that the tariff policy on copper could be implemented as early as August 1st. The Trump administration plans to impose a tax rate of up to 50% to promote manufacturing reshoring, coupled with the EU's market opening proposal, indicating that global trade friction risks continue to heat up. On the other hand, Trump's chief advisor publicly criticized Powell as the "worst Federal Reserve chairman in history", suggesting that if no rate cut is made by July 29th, it may lead to catastrophic consequences, further exacerbating financial market policy uncertainty.
Technical analysis shows that BTC's current key resistance is at $110,348, and the short-term liquidation heat map indicates important liquidity support around $107,000. If this support fails, prices may further explore the demand zone of $102,560.
Bitunix analysts suggest:
In the short term, affected by dual uncertainties in trade and monetary policies, a conservative strategy is recommended. If BTC effectively stabilizes in the support range of $106,000–$107,000, opportunities to explore resistance levels again can be observed. If it breaks below $106,000, risks of testing $102,560 should be warned. It is advised to manage positions properly and avoid emotional trading.
