On May 12th, senior economic and trade officials from China and the United States held an important meeting in Geneva, Switzerland, and reached a significant consensus. Both parties agreed to establish an economic and trade consultation mechanism and will continue dialogue to resolve differences. The positive outcomes of this meeting brought stability signals to the market, helping to improve global supply chain expectations, stabilize the international trade environment, and reduce risk aversion in global asset markets, which has positive significance for the international economic outlook.
Bitunix analyst suggests: BTC remains stable at high levels this week, reporting at $103,816 at the time of writing, in a high-level consolidation pattern. Encouraged by the China-US easing news, short-term market risk appetite has rebounded, providing support for risk assets. Technically, BTC's short-term support is at $102,000, and if it maintains this range, it still has the opportunity to test the $105K resistance. Continue to track changes in China-US negotiations and pay attention to data releases this week, flexibly adjust positions, and be mindful of risk control.
