After the China-US trade agreement, when will the BTC, which has been consolidating, break through $110,000?

The US and China discussed a new trade agreement in Switzerland, and the cryptocurrency market continues to consolidate! After a week of anticipation, representatives from the US and China finally met last weekend in Geneva, Switzerland, to discuss the new trade agreement. Although both sides stated that progress had been made in the negotiations, the cryptocurrency market experienced slight fluctuations. Cryptocurrency analyst RLinda believes that this consolidation is not a sign of market weakness, but rather a strategic restructuring in preparation for the next round of gains.

The White House statement quoted Treasury Secretary Scott Bessent and others, stating that negotiations have made substantial progress, but did not disclose specific details. U.S. Trade Representative Ambassador Jamieson Greer also made a speech, similarly not revealing substantive content, merely mentioning the national emergency declared by President Trump and the trade deficit of up to $1.2 trillion, and expressed belief that the agreement reached with China would help address this issue.

Although officials spoke somewhat ambiguously, the market still reacted. Santiment pointed out that after the US and China issued statements, the stock market initially reacted positively, as traders expected tariffs might no longer be an investment hurdle. Meanwhile, after more than a month of bottoming out in the cryptocurrency market, the discussion rate of tariffs surged for the first time.

However, this positive sentiment did not last long. The price of Bitcoin first rose to $105,000, then quickly fell back, currently around $104,500. Other altcoins also experienced varying degrees of volatility. Therefore, Santiment advises investors to proceed with caution and wait for clearer news to emerge.

In summary, if this agreement can ultimately reduce the impact on exporters and importers from both countries, it could be positive news for all markets. However, nothing has been confirmed yet, and details are expected to be announced later today! At that time, please do not invest blindly to avoid falling into the trap of "buying on rumors and selling on news."

#中美贸易 # cryptocurrency #比特币 # Santiment