Bitcoin Hits 112,022 USDT Amid Trump Tariffs, Fed Disagreement

Bitcoin surged to a new all-time high of 112,022 USDT on July 10th, breaking through a long-term downtrend line and a significant liquidation area above 110,548 USDT. This surge comes amidst heightened macroeconomic uncertainty, as U.S. President Trump announced the implementation of the "Tariff 2.0" plan, set to begin on August 1st. This plan involves imposing tariffs on countries such as Japan, Brazil, and Malaysia, raising concerns about inflation and supply chain disruptions.

The Federal Reserve's June meeting minutes, released on the same day, revealed significant disagreements among decision-makers regarding the timing of interest rate cuts. The implementation of tariffs could further exacerbate price levels, potentially limiting the space for short-term monetary easing. According to the analyst's forecast, if the 110,000 psychological barrier is breached, Bitcoin could fall back to the 105,000–102,500 support range. Investors are advised to closely monitor the Consumer Price Index (CPI) data, scheduled for release on July 15th, as it will serve as a crucial indicator for assessing the direction of monetary policy.

Bitunix analysts suggest that while Bitcoin has absorbed significant overhead liquidation pressure and supply zones in the short term, the risk-reward ratio for chasing higher prices is decreasing due to increased macro uncertainty. It is recommended that investors focus on testing the support in the 110,300–110,500 range. The analyst's forecast indicates that if the 110,000 psychological barrier is breached, there is a possibility of falling back to the 105,000–102,500 support range. The upcoming CPI data release on July 15th is expected to provide key insights into the direction of monetary policy, which could further impact market volatility.