🧐 The United States announces a trade agreement with China in Geneva | What are the impacts on cryptocurrency—— The White House announced in a statement that the United States has reached a trade agreement with China in Geneva. Both sides are satisfied with the outcome of the negotiations and believe that the differences are not as significant as expected, and the agreement was reached quickly. one ️⃣ Changes in expected strength of the US dollar: favorable for risk assets (including cryptocurrencies); Once the trade agreement eases tariff pressure, it may reduce inflationary pressures and decrease the reason for the Federal Reserve to continue to stubbornly hold high interest rates. Market or expectation of early interest rate cut or dovish by the Federal Reserve → decline in the US dollar index → rebound in anti US dollar assets such as Bitcoin. 🚨 Attention: Cryptocurrencies are highly sensitive to the "turning point of US dollar liquidity". If we negotiate to ease the impact chain, BTC, ETH, and others may experience a wave of liquidity overflow. two ️⃣ The demand for safe haven has decreased, but the logic of "borderless assets" remains stable; If China and the United States ease tensions → geopolitical hedging demand weakens → short-term bearish sentiment on safe haven assets such as gold/cryptocurrency. However, in the long run, the foundation of trust between China and the United States is still fragile, and the value anchor logic of encrypted assets as "trustless and stateless" will not disappear. three ️⃣ The confidence in the capital market has rebounded, driving the speculative sector; The successful negotiation will help the overall risk assets such as the US and Hong Kong stocks rebound, and market sentiment will warm up, which is beneficial for the development of counterfeit currencies in the cryptocurrency industry meme、 Speculative sectors rotate. If the protocol details involve fields such as technology and data, it may also drive expectations for AI+Crypto and Web3 infrastructure. Operational suggestions—— Short term perspective: Pay attention to the possibility of the market buying the rumor and selling the news, and do not excessively chase high prices. It is recommended to watch while walking; Mid line perspective: If the protocol can drive a reversal in the Federal Reserve's policy expectations, cryptocurrencies will have stronger beta opportunities, especially BTC, ETH, and high resilience public chains. Pay attention to key timing: Trump's speech the next day and the release of details of the agreement may trigger market volatility. This is a potential "macro turning point foreshadowing" for the cryptocurrency market: If trade negotiations shift the Federal Reserve's policy space towards easing, it means that cryptocurrency assets will once again 'benefit from liquidity spillover dividends'. The White House releases news from @ BlockBeatsAsia: The White House announced in a statement that the United States has reached a trade agreement with China in Geneva. US Treasury Secretary Scott Bessent and US Trade Representative Ambassador Jamieson stated that the negotiations were held in Geneva, Switzerland and lasted for two days, achieving "substantial progress". The United States is facing a trade deficit of $1.2 trillion, and President Trump has declared a national emergency and implemented tariffs. The purpose of the negotiations is to resolve this' national emergency '. Both parties are satisfied with the outcome of the negotiations and believe that the differences are not as significant as expected, and the agreement was reached quickly. The specific details will be announced the next day (May 12th), and President Trump has been informed of the situation and will receive a comprehensive briefing the next morning. US officials are optimistic about the agreement, believing that it will help solve the trade deficit problem.