Bitunix Analyst: U.S. to Impose 50% Tariff on Copper, BTC Caught in Short-Term Supply-Demand Game, Watching for Breakout of $110,000 Resistance

On July 9th, according to a Bitunix analyst, the U.S. Secretary of Commerce declared that the tariff policy regarding copper is scheduled to be implemented as early as August 1st. The Trump administration intends to impose a tariff rate of up to 50% in order to promote the reshoring of manufacturing. Along with the EU putting forward a market open-up plan, the continuous escalation of global trade tensions is obvious. On the other hand, Trump's chief advisor publicly accused Powell of being "the worst Fed chair in history," stating that if no rate cut takes place by July 29th, it may lead to disastrous consequences, further intensifying the policy uncertainty in the financial market. Technically, the current key resistance level of BTC is at $110,348. Short-term liquidation heatmaps show significant liquidity support around $107,000. If this support is broken through, the price may further decline to the $102,560 demand zone. Bitunix Analyst's Note: Given the short-term impact of trade and monetary policy uncertainties, a conservative strategy is recommended. If BTC stabilizes effectively within the $106,000 - $107,000 support range, one can consider the opportunity to retest the resistance level. If it falls below $106,000, caution is needed for the risk of testing $102,560. It is advisable to manage positions carefully and avoid emotional trading.