Bitunix Analyst: Bitcoin Breaks Through Liquidity Barrier to Hit New All-Time High, September Rate Cut Expectations Rise or Worsen Market Volatility

July 10th. President Trump of the United States announced the implementation of the "Tariff 2.0" plan commencing from August 1st. The plan aims to impose tariffs on countries such as Japan, Brazil, and Malaysia, which has triggered market concerns regarding inflation and supply chain pressure. The minutes of the Federal Reserve's June meeting released on the same day revealed significant differences among decision-makers regarding the timing of interest rate cuts. If the tariff policy leads to a rise in price levels, it may further constrict the short-term monetary easing space. Bitcoin reached a daily high of 112,022 USDT on that day, setting a new all-time high. It has now broken through the long-term downtrend line and the large liquidation area above 110,548 and is attempting to establish support above the 111,000 integer mark. Bitunix analyst's suggestion: Considering the increased macro uncertainty and the fact that Bitcoin has already absorbed a significant amount of overhead liquidation pressure and supply zones in the short term, the risk-reward ratio for chasing higher prices is decreasing. It is recommended that investors focus on testing the support in the 110,300–110,500 range. If the 110,000 psychological barrier is breached, be vigilant about the possibility of a fall back to the 105,000–102,500 support range. It is recommended to closely monitor the CPI data released on July 15th, as this indicator will be a key reference for assessing the direction of monetary policy.