Now in Crypto, US and China representatives are indicative of avoiding trade tensions, Bitcoin has re -retesting the Golden Cross, a bullish pattern preceding past parabolic rallies. Meanwhile, crypto entrepreneurs’ behavior is “common rationalization” by pointing out Trump’s tariffs as the cause of the market collapse.
US and China’s representatives indicate evacuation of trading tensions
Representatives from the United States and China eased the heated rhetoric around trading policies After the tension between the two countries that broke out this week due to China’s export control over rare mineral land and US President Donald Trump’s announcement of an additional 100% 100% tariff in China.
China’s Ministry of Commerce Signed A willingness to coordinate with the rare proposal of Earth’s export control and other trade issues on Sunday, accompanied by a statement from Trump. In a week of reality in society post, Trump write:
“Don’t worry about China, everything will be fine! President Xi is so respected that he just had a bad moment. He didn’t want to be depressed for his country, nor did the USA want to help China, it would not hurt it !!!”
Market analysts Says Signs of de-escalation from Trump can pump financial markets on Monday, reversing the decline in price affecting crypto markets over the weekend.
Bitcoin Retests Golden Cross, a rest above can trigger the main rally: Analyst
Bitcoin has been releasing the “Golden Cross,” a bullish technical pattern with history preceding rallies, according to Crypto Market analyst Mister Crypto.
In a Sunday post on X, the analyst shared a chart that noticed that the previous Golden Crosses of Bitcoin (BTC) led to the acquisitions of 2,200% in 2017 and 1,190% in 2020. At the BTC currently walking near $ 110,000, he suggested that the handling above the level could be another parabolic movement.
“The prefunction seems incomplete -believed strong,” he wrote, adding that a confirmed breakout could “completely explode” the price of bitcoin in the coming weeks.
A Golden Cross is a trade trade signal that occurs when a short-term average move, usually 50-day, crosses above a long-term average transfer, often 200 days. This suggests that momentum is moving from bearish to bullish, meaning prices can start to rise.
Crypto entrepreneurs blame Trump’s tariffs for finding ‘singular event’: Santiment
Crypto’s retailer businessmen are fast To blame Friday’s wider The decline of the Crypto market with US president Donald Trump declares a 100% tariff in China, as they often look for something to point the finger to the falls, according to Santiment.
Analysts, however, say the reason for the market collapse runs deeper than just tariffs.
“This is a common ‘rationalization’ behavior from retailers, which needs to be directed to a single event as the cause of a cataclysmic downturn in crypto,” Santiment Says In a report last Saturday.
“After the crash, the crowd quickly jumped together to come together in a consensus of what could be linked to flush,” Santiment said, referring to the increasing social media discussions related to the same US-China tariff concerns.
