BlockBeats reports that on June 12, U.S. President Trump once again drew market attention by announcing plans to unilaterally impose tariffs on multiple trading partners within the next one to two weeks, sparking concerns of a new round of trade conflicts. He emphasized that unilateral tariff rates would be communicated to various countries in written notices. Additionally, Trump stated that a trade framework with China had been finalized, wherein China would supply rare earth magnets, and the U.S. would open its doors to Chinese students, signaling a gesture of goodwill. However, the overall market remains focused on his unpredictable tariff policies, with concerns mounting over global economic pressure and increased short-term volatility in risk assets.
Bitunix analysts suggest: Trump's renewed tariff threats intensify risk-aversion sentiment in the market, possibly leading to short-term capital outflows from risk assets. While Bitcoin has shown relative resilience, caution is still advised against potential downside risks, as further market panic could trigger a retest of the $106,000 support level; the upper resistance is pegged at $110,350. Investors are advised to remain cautious in the short term, avoid chasing highs, and wait for the market to fully digest geopolitical risks before determining directional opportunities. Furthermore, attention should be paid to tonight's PPI data and initial jobless claims figures.
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