
Phyrex|Jun 09, 2025 19:44
Monday's work was also not difficult. As we said at the weekend, the biggest game today was the trade negotiations between China and the United States. Today was the first day that good progress had been made. China opened up some rare earth export resources, while Trump authorized to relax the restrictions on the export of key technologies. Although the final results have not been announced, the market has given a positive response, and the negotiations will continue tomorrow.
The dispute between Sichuan and Malaysia seems to have ended on Monday. Musk and Trump are not entangled in the struggle between two people, but things should not be so simple. Although the problem of Trump seems to have been solved, a new problem has arisen in Trump, because his attitude towards illegal immigrants has led to demonstrations in Los Angeles. Trump directly ordered the National Guard to suppress and also arrested many people.
The mayor of Los Angeles and the governor of California both feel that Trump is making a big deal out of it, especially when calling on the National Guard without the governor's consent, which led to the governor filing a lawsuit against Trump. Moreover, the California Attorney General has also filed a lawsuit against the federal government, and Trump's counterattack is to arrest the governor.
Sure enough, Trump is still the most uncertain factor. At present, the turmoil has not affected the market for the time being. BTC and the US stock market are doing well. Even the downgraded Tesla has returned to the top of $300. It is true that investors' sentiment is expected by the progress of China and the US.
Looking back at the data of Bitcoin, although the price has broken above 108000, the turnover rate has not increased significantly, and even the trading volume has not increased significantly. As we mentioned before, the main factor causing the price increase is not the increase in purchasing power, but the decrease in the number of investors selling. In fact, from today's stock on the exchange, it can be seen that most investors still expect BTC to have a good future trend.
The current support has not changed, and the range of $93000 to $98000 is still the best support level. Even if the price of BTC continues to rise, it has not caused these investors to leave. As long as there is not much movement from investors at this position, it is difficult for BTC prices to suffer large-scale selling without negative sentiment.
This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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