Recently, senior officials in the United States have expressed differing views on the upcoming trade negotiation deadline, drawing market attention. Treasury Secretary Bentsen has taken a flexible stance, stating that the U.S. side is not fixated on the August 1 negotiation deadline and values the quality of the protocol more. He hinted that even if an agreement is not reached by the deadline, negotiations can still continue.

However, Secretary of Commerce Luthnik takes a completely different stance, emphasizing that August 1 is a hard deadline for the implementation of tariffs. If an agreement is not reached by then, multiple countries, including Brazil and Japan, will face high tariffs.

This inconsistency in internal positions reflects the divisions within the U.S. government regarding trade strategy and adds uncertainty to the negotiations. The market reacted quickly to this news, with U.S. stocks continuing to hit new highs, but investors remain cautious about potential trade risks.

Against this backdrop, the cryptocurrency market is showing a high-level fluctuation trend. In light of the current situation, investors are advised to remain cautious. The short-term support level for Bitcoin is around 116,300, while the resistance level is approximately 120,000. Before a trade protocol is reached, it is recommended that investors adopt a range trading strategy, focusing on short-term trades and avoiding blind chasing of highs.

The uncertainty of trade negotiations may suppress the upward momentum of risk assets in the short term. Therefore, market participants need to closely follow the developments and adjust their investment strategies in a timely manner to respond to potential market fluctuations.