BitUnix analyst: China US trade negotiations, optimistic sentiment in the cryptocurrency market, BTC 110, $350 pressure encountered obstacles

According to BlockBeats, on June 10th, trade negotiators from China and the United States met in London to focus on sensitive issues related to rare earth exports and US technology controls. It is expected that the talks will resume at 17:00 (Hong Kong time) on Tuesday afternoon. The US representative hopes that Beijing will further relax its rare earth exports, while China demands that the US relax its export restrictions on chip design software. Last week, China released goodwill and gave Western automotive giant rare earth a breathing space, which the market interpreted as a shift towards positive negotiations. If substantial progress can be made in the export rules and tariff framework during Tuesday's talks, risk assets such as the stock market and cryptocurrencies will receive a bullish catalyst. BitUnix analysts suggest that the easing of the negotiation atmosphere between China and the United States can help boost market risk appetite, but the final outcome is still uncertain. The short-term volatility rate has increased. If the negotiations release a bullish trend and boost risk sentiment, BTC has the opportunity to break through short-term pressure of $110350; On the contrary, if it breaks through the $106000 mark, it may retest the $102000 range. It is recommended to operate with caution. Avoid chasing orders.