Bitunix Analyst: U.S. Treasury Secretary's Firm Stance on Trade Policy May Bring Global Tariff Pressure Back, Capital Seeking Safe Havens; Crypto Assets Maintain a Medium-Term Bullish Outlook with BTC Support Noted at 100 Thousand
BlockBeats reports that on May 19, U.S. Treasury Secretary Janet Yellen stated that for trading partners lacking goodwill or failing to take action, the U.S. will reinstate the high tariffs from April 2, with some rates exceeding 10%, and has sent formal notices urging renegotiation. Currently, short-term agreements have been reached only with China and the UK, with U.S.-China tariffs reduced to 30% on the U.S. side and 10% on the Chinese side, and a dialogue mechanism established, stabilizing relations; the stance remains firm towards other countries. Due to the impact of tariffs and credit rating downgrades, market risk aversion has increased, and capital may flow into anti-inflation tools such as crypto assets, boosting interest in cryptocurrencies.
Bitunix analysts suggest:
The return to a tough trade policy stance, combined with rising U.S. debt risks, supports capital flow into non-sovereign assets like Bitcoin. In the short term, if BTC holds the support at USD 100,000, it may challenge its all-time high of USD 110,000, with short-term resistance around USD 105,000. It is recommended to monitor the progress of U.S.-China trade developments and whether other countries receive U.S. tariff notifications, as policy risks will influence market trends. Portfolio allocations can focus on BTC, ETH, and application-oriented public chain tokens with USD decoupling characteristics.