On July 8, according to Bitunix analysts, US President Trump announced an extension of the reciprocal tariff deadline to August 1. Affected by the tariff policy, the US dollar exchange rate against other currencies rose to a new high in over a week. So far, only a few countries have successfully reached an agreement. During this period, the United States has made negotiation progress with the United Kingdom, Vietnam, and China. Trump simultaneously warned countries against retaliation. BTC daily chart shows it remains under pressure at the 110,348 resistance level.
Bitunix analysts suggest:
BTC previously showed demand zone reaction between 106,000–107,000, and the liquidation heat map also shows a large number of open long positions at 107,000, forming support. BTC's short-term key resistance is at 110,348, and breaking through could challenge 112,800. In terms of operation, it is recommended not to chase high for short positions, and pay attention to the liquidity aggregation zone of 107,000–106,000 on pullbacks. If it breaks below 106,000, the sentiment will turn bearish.
