BitUnix analyst: China and the United States reach economic and trade consensus, market risk aversion cools down, BTC short-term support of $102000

BlockBeats News: On May 12th, high-level economic and trade officials from China and the United States held important talks in Geneva, Switzerland, and reached important consensus. Both sides agreed to establish an economic and trade consultation mechanism and will continue dialogue in the future to resolve differences. The positive results of this meeting have brought stable signals to the market, helped improve global supply chain expectations, stabilized the international trade environment, and reduced risk aversion in the global asset market, which has a positive impact on the international economic outlook. BitUnix analysts suggest that BTC remains stable at a high level this week, with a closing price of $103816, indicating a consolidation pattern at a high level. Encouraged by the easing of tensions between China and the United States, the market's short-term risk appetite has rebounded, providing support for risk assets. On a technical level, BTC's short-term support is at $102000. If this range is maintained, there is still a chance to test the resistance towards 105K. Continuously monitor changes in the China US negotiations, pay attention to this week's data release, flexibly adjust positions, and pay attention to risk control