Market Pulse - Trump ups China tariffs but drops reciprocal on non-retaliating countries
Huge. Trump has retaliated again against China, but he's rewarded countries that haven't retaliated by imposing a 90-day postponement, allowing for negotiation. This is what we were looking for. The market got too bearish, and set up for a positive catalyst to take the market higher. Trump has just delivered that.
Short-term: This allows for a short-term rally, likely at a minimum. Let's see where BTC can get to, we're eyeing key levels around $81,500 and then $85,500.
Market reaction since: Big relief rally, we need to see its level of continuation though.
How to position: Let's see how strong this relief is. For now, remain patient, lows can be retested, and if so, we'll start building bigger positions.
Be here, be paying attention. Now, and the coming weeks are the time.
LET'S GO!!!
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.
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