On July 29, US Trade Representative Greer stated that the United States and India need more negotiations before the August 1 tariff deadline, maintaining a reserved attitude about reaching an agreement. Although India previously showed willingness to open zero-tariff for some goods, core industries like agriculture and dairy still have red lines. If trade friction escalates, it may affect global market risk sentiment. In the crypto market, BTC price rebounded after multiple tests of 117,400 yesterday and is currently oscillating in the 118,000–120,000 range.
Bitunix analysts suggest: US-India negotiation deadlock adds hedging demand, BTC has short-term support but limited upward momentum. Investors are advised to focus on support near 118,000 and strictly control stop losses; if the price cannot effectively break through 120,000, avoid chasing highs and wait for a pullback to reposition. Short-term traders should closely monitor macroeconomic news and changes in clearing heat maps.
