On July 22, U.S. Treasury Secretary Bessent stated that Washington is not fixated on the August 1 trade deadline, emphasizing the quality of the deal over the timeline. She suggested talks could continue even if no agreement is reached by then. In contrast, Commerce Secretary Lutnik reiterated that August 1 remains the hard deadline for new tariffs, which would impact multiple countries including Brazil and Japan.
The conflicting messages highlight internal divisions within the U.S. administration regarding trade policy, adding uncertainty to the ongoing negotiations. While U.S. equities continued to hit new highs, crypto markets remained in a consolidation phase amid cautious sentiment.
Bitunix Analyst’s View:
Ongoing uncertainty around trade talks may cap short-term upside for risk assets. BTC remains technically supported at $116,300, with resistance near $120,000. Until clearer signals emerge, range-bound strategies are recommended. Short-term traders should avoid chasing highs.
