Trump Dem Tariffs Dey Weigh Down Bitcoin for $108K Amid Bullish Signs
Bitcoin dey hold near $107,900 even though President Trump don talk say e go bring new tariff wahala on big trading partners from August 1. Before now, dem don extend import tariff deadline reach August 11 wey reduce some geopolitical gbege, but the fresh 25% tariff for Japan, South Korea and possible taxes on BRICS countries don make gbege start again. US stocks fall like almost 1% plus dollar strong, meanwhile Bitcoin trading volume rise 2% reach $26.9 billion. Derivatives data show say bearish bets dey fade: put-call ratios don normalize, futures premium drop small below 5% then come back, open interest up by 7% and net long reach $27.4 million. Technically, BTC make double-top at $109,500 with support around 200-hour EMA for $107,300. If e break below $107,300, e fit go $106,300, but if e higher pass $109,500, e fit target $112,000. Traders suppose dey watch derivatives sentiment, futures premium and the August 1 deadline for better gbege.
Bullish
Di combine news dey show say Bitcoin get plenty bullish signals. Derivatives data show say bearish bets don reduce—put-call ratios dey normalize, futures premiums dey bounce back and net-long positions dey rise—plus di trading volume increase as geopolitical wahala dey. Technical support dey for 200-hour EMA around $107,300 and e get chance to rally pass $109,500 go $112,000 wey make di outlook positive. Even tho tariff threats and macro volatility fit cause short-term pullback, di overall sentiment and positioning still point to a bullish environment for Bitcoin.