The US-China tariff cuts "from 145% to 30%", analysts are optimistic about Bitcoin soaring to $140,000.

US-China trade tensions have ushered in a major turn! The two countries agreed to drastically cut most of the tariffs imposed on each other, which was interpreted by the market as a major positive, encouraging optimistic expectations of $150,000 in bitcoin prices. (Synopsis: Trump is real!) Signing an executive order to "shut down the Ministry of Education" has cut most of its employees, and the Democratic Party threatened to boycott the complaint) (Background supplement: Trump will sign an executive order to end the "debanking" policy of cryptocurrencies, does Taiwan have a chance to follow? After two days of marathon talks in Switzerland, the United States and China announced on Monday an agreement to suspend tariffs on most of each other's goods to allow for further trade talks. The Wall Street Journal reported that the United States said it would reduce "reciprocal" tariffs on Chinese goods to 10% from the previous level of 125%; At the same time, China agreed to cut tariffs on U.S. goods to 10 percent from 125 percent. However, the report also pointed out that the 20% tariff imposed by the United States on Chinese goods on fentanyl-related issues and some other specific measures will continue to be retained, so it can be seen as some core disputed goods, and the two sides agreed to reduce each other's current 145% tariffs to 30%. In addition, the United States and China also announced that they will establish a mechanism and platform to continue discussions on economic and trade relations. Bitcoin's technical landscape enters a "rising pattern"? Stimulated by the macro positive news that the US-China tariff war has cooled significantly, the market has a judgment that bitcoin continues to rise, from a technical analysis point of view, a "price rise pattern" (Rally setup) has emerged, bitcoin new wave of resistance and target price is likely to be at the $142,000 water level, because the recent bitcoin price may have broken through one or more long-insurmountable key price levels (resistance levels). In addition, some classic technical patterns that indicate a sharp rise may have formed on the chart, moving averages also have a strong long arrangement, and such as the RSI is also running at a higher level, indicating that the market momentum is strong and sustained. Finally, Bitcoin's market structure may have clearly shifted from the previous downtrend or oscillation to an uptrend, manifested by the continuous creation of higher highs and higher lows. It is still necessary to pay attention to the subsequent development It needs to be emphasized again that the price target is based on the outlook for the underlying sentiment of the market under the macro event-driven and modal technology division, but in fact, the future of Bitcoin to achieve this goal still depends on the combined impact of a variety of factors, including the continuous improvement of the macroeconomy, the flow of market funds, and the subsequent actual evolution and confirmation of Bitcoin's own technical charts. Related reports Trump White House Crypto Summit: Reiterating Bitcoin Reserve Executive Order "Only Mention 1 Update", BTC Drops 85,000 Magnesium Full text of the US Bitcoin Strategic Reserve Executive Order: The Department of Finance has a special office, and all federal agencies report BTC transfer authority within 30 days From a legal point of view, what are Trump's hidden worries about establishing Bitcoin reserves? Can the next president overturn an executive order? "U.S.-China mutual tariff cut "145% down to 30%", analysts are optimistic about bitcoin rushing $140,000 This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".