BlockBeats News, May 19th. U.S. Treasury Secretary Yellen stated that the U.S. will reinstate the high tariffs from April 2nd for trading partners deemed to lack goodwill or fail to take action, with some rates exceeding 10%. Formal notices will be sent to urge renegotiation. Currently, only short-term agreements have been reached with China and the UK, with U.S.-China tariffs lowered to 30% for the U.S. and 10% for China, and a dialogue mechanism established to stabilize relations. The U.S. remains tough on other countries. Due to the impact of tariffs and credit rating downgrades, the market's risk aversion has increased, with funds flowing into inflation-resistant tools such as cryptocurrency, boosting cryptocurrency's visibility.
Bitunix Analyst Suggestion:
With the return of a tough trade policy and the increasing risk of U.S. debt, funds are likely to flow into Bitcoin and other non-sovereign assets. In the short term, if BTC holds above the $100,000 support level or tests the all-time high of $110,000, be cautious of the $105,000 resistance in the short term. It is recommended to monitor the development of U.S.-China trade relations and whether other countries have received U.S. tariff notifications. Policy risks will influence market sentiment. In terms of allocation, focus on BTC, ETH, and application-oriented public chain tokens with USD decoupling features.
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