On July 24, EU diplomats warned that if no trade deal is reached with the U.S., they would support counter-coercion measures. In response, U.S. Treasury Secretary Bessent stated that any reduction of the 30% tariff would require an "innovative financing arrangement" similar to Japan’s. With the EU yet to submit a concrete proposal, negotiations remain stalled, raising concerns over rising transatlantic trade friction.
Bitunix Analyst’s View: BTC continues to consolidate near $119,300 amid macro uncertainty. The $120,800–$121,200 zone is showing signs of dense short liquidation pressure, while $117,000 offers clear short-term support. A break below this level could trigger a new wave of stop-losses. Traders are advised to adopt a range-based strategy between $117,000 and $121,200, favoring sell-high, buy-low tactics. A breakout above $121,800 may signal short-term strength, whereas a drop below $116,500 would warrant caution to avoid liquidation risk. Broader price direction remains heavily influenced by macroeconomic and trade dynamics—flexibility is key.
