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Good afternoon everyone! Market analysis! Thank you for your support!
According to financial reports, the U.S. government is about to announce the results of the Section 232 investigation for specific industries including global semiconductors, pharmaceutical raw materials, servers, key components, and minerals. Economists point out that procedurally, after the results of the investigation are released, the U.S. president will take action within 90 days of receiving the report, during which time countries will have the opportunity to negotiate with the U.S. Therefore, similar to the reciprocal tariffs in early April, the results of the Section 232 investigation and tariff plans should not be implemented immediately. The U.S. may introduce an investment framework to negotiate further with countries on investments in the U.S., with conditions that may include different terms and amounts, in exchange for reduced tariff rates. As for the tariff rates on semiconductors, economists have speculated levels ranging from 20% to 35%.
According to financial reports, Matrixport released today's market analysis stating that at this stage, it may still be too early, even somewhat pessimistic, to determine whether Bitcoin will fall back to the 21-week moving average of $105,696. However, we still regard this level as a reference for the key trend: if the price is above this level, the overall trend is still leaning towards long positions; once it falls below, we need to be wary of signals of a Bear Market.
In the past three weeks, we have consistently expressed a more cautious stance in our weekly reports, and Bitcoin has already shown a pullback, although market sentiment remains relatively optimistic.
In the short term, some funds may flow back from high-volatility alts to Bitcoin, providing certain support for the price. However, we still advise investors to remain cautious and control their risk exposure. This judgment has been made multiple times in the past few weeks.
According to financial reports, LD Capital Founder Yi Lihua stated, "Under the macro influences of US stocks and tariffs, ETH has been fluctuating for a while. It is expected that after mid-August, we will begin to welcome the interest rate cut expectations in September. The bull run trend is undoubtedly clear, and all recent pullbacks are buying opportunities."