On July 28, US President Trump announced that he has signed a new trade agreement with the European Union, covering key clauses such as the EU's additional $600 billion investment, US arms sales, and a unified 15% car tariff. European Commission President von der Leyen also stated that this agreement will bring stability expectations and long-term confidence to transatlantic trade.
Following the news, crypto assets rebounded. After stabilizing at the low point of $115,000, BTC gradually climbed to the pressure zone between $119,000–$120,000 and consolidated in this area. The current price hovering near the pressure level indicates a tug-of-war between bulls and bears.
Bitunix analysts suggest:
Currently, the market needs to focus on the performance of the $115,000 support and $119,000–$120,000 resistance zone. If it can effectively break through $119,000–$120,000 with expanded trading volume, the market may challenge the high of $122,000. It is recommended to closely monitor the tariff process and US macroeconomic data performance, especially the trends in inflation and employment market data, which will become important guides for market sentiment. Facing uncertainty, investors need to maintain a defensive strategy to cope with potential risks.
