According to Followin, On July 28, U.S. President Donald Trump announced a new trade agreement with the European Union, which includes a $600 billion investment commitment from the EU, U.S. military sales, and a uniform 15% auto tariff. EU Commission President Ursula von der Leyen also stated that this deal would bring stability and long-term confidence to transatlantic trade.
Following the announcement, the crypto market saw a rebound. After holding support at the $115,000 low, BTC has gradually risen to the $119,000–$120,000 resistance zone, where it is currently consolidating. The price remains near the resistance, showing a tug-of-war between bulls and bears.
Bitunix Analyst’s View:
Market attention should focus on the $115,000 support and $119,000–$120,000 resistance levels. If BTC breaks above $120,000 with increased volume, the market could target $122,000. Investors should closely monitor the tariff process and U.S. macroeconomic data, especially inflation and employment figures, as they will serve as key sentiment indicators. In light of the uncertainty, a defensive strategy is recommended to mitigate potential risks.
