BitUnix analyst: The future of the US India trade agreement is uncertain, BTC 118, 000 forms short-term support, 120000 remains a pressure threshold

According to BlockBeats, on July 29th, US Trade Representative Greer stated that the US and India need to engage in more negotiations before the August 1st tariff deadline and maintain a reserved attitude towards whether an agreement can be reached. Despite India's previous willingness to open up zero tariffs on some goods, core industries such as agriculture and dairy still have red lines. If trade frictions intensify, it may affect global market risk sentiment. In terms of the cryptocurrency market, BTC prices have rebounded after multiple tests of 117400 yesterday and are currently fluctuating within the range of 118000-120000. BitUnix analysts suggest that the stalemate in US India negotiations increases the demand for safe haven, and BTC still has short-term support, but its upward momentum is limited. Investors are advised to pay attention to the support around 118000 and strictly control their stop loss; If the price cannot effectively break through 120000, one should avoid chasing higher prices and wait for a pullback before laying out. Short term traders should closely monitor macro news and changes in clearing heat maps.