#Gate Initial Listing WLFI ! Night of big dump! Trump detonates BTC, the resistance level 110620 becomes a guillotine, can the support 106900 stop the massacre??

Trump said that peace with India and the elimination of tariffs came too late, which led to BTC falling from 110300 dollars to around 108500, just getting stuck above the support of 106900, without breaking the key defense line of the bulls.
Currently, the 1-hour candlestick chart shows a struggle between buyers and sellers: the resistance level 110620 has continuously intercepted 3 upward candles, while the support 106900 has mysterious buy orders in the range of 107500-108000. MA5 and MA10 are flattening, and the short-term direction is about to become clear.
Why do news about tariffs affect BTC? Three key points: India’s tariffs affect global funds' preference for refuge, Trump's statement amplifies the sense of refuge, and the news broke during the low liquidity period of the Asian session, which intensified volatility.
Regarding August of last year, when Trump imposed tariffs on China, BTC rose by 5% in half an hour. If this story can repeat itself, the key will be in the direction of institutional capital flow after the opening of the US stock market tonight.
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In the operational aspect: the current level is like a compressed spring, volatility has decreased and the explosive force is stronger.
Establishing at 110620 hopes to reach the previous high of 112000, if it falls below 106900 or retraces to the Fibonacci level of 105500. It is recommended to place orders at 106800 and 110800, and to follow the trend after the breakout.
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Tonight, focus on three things: the performance of the ARKK fund after the opening of the U.S. stock market, Trump's Twitter updates, and the U.S. ISM manufacturing PMI for August.
Will BTC volatility double this time when Trump starts trade tensions? We look forward to your opinion in the comments!
Follow Zuo Shou Ge, use on-chain data to shatter the hidden cards of the project and take the food from the mouths of the whales! #九月份加密市场能否突破 #Gate 新上线 WLFI #今日你看涨还是看跌？