On May 19th, US Treasury Secretary Besent stated that for trade partners lacking goodwill or failing to take action, the United States will restore high tariffs from April 2nd, with some tax rates exceeding 10%, and send formal notifications urging renegotiation. Currently, only short-term agreements have been reached with China and the UK, with US tariffs reduced to 30% and Chinese tariffs to 10%, and a dialogue mechanism established, leading to more stable relations; a tough stance is maintained towards other countries. Affected by tariffs and credit rating downgrades, market risk aversion is increasing, and funds may flow towards anti-inflationary tools like crypto assets, boosting cryptocurrency attention.
Bitunix analyst recommends: With trade policies returning to a tough stance and US debt risk escalating, this helps funds flow towards non-sovereign assets like Bitcoin. In the short term, if BTC maintains support at $100,000, it may challenge the all-time high of $110,000, with short-term attention on the $105,000 resistance. Recommended to monitor developments in China-US trade relations and whether other countries receive US tax rate notifications, as policy risks will influence market direction. In terms of allocation, focus on BTC, ETH, and application-based public chain tokens with characteristics of decoupling from the US dollar.
