According to a recent analysis by Bitunix, ongoing U.S. trade negotiations remain fragmented, contributing to a cautious market sentiment within the cryptocurrency sector. The report highlights that Bitcoin (BTC) is currently testing a critical support level near $116,300, while facing resistance at approximately $120,000. Market participants are advised to monitor these technical thresholds closely, as they could influence short-term price movements. The analysis underscores the importance of geopolitical developments in shaping investor confidence and trading strategies in digital assets. This nuanced perspective provides valuable insights for traders seeking to navigate the volatile crypto landscape amid uncertain macroeconomic conditions.
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