BTC got rejected from the 200MA and currently it is moving toward the horizontal support, where 50MA is also acting as support.
The horizontal support is a key area for bulls to regain momentum. In case of a breakdown retest of the horizontal support, a further downward move could also be expected. $BTC
TRUMP IN CHINA: ACHIEVEMENTS vs FAILURES ✅ ACHIEVEMENTS (What Trump Got) - Boeing: 200 jets (first major order since 2017) - Iran: Xi gave verbal pledge – China will NOT send weapons to Iran - Agriculture: China renewed US beef plant licenses; "double-digit billions" expected - Board of Trade: New mechanism for $30B tariff reduction framework - Strategic stability framework: Both leaders agreed (China defined the term) - Hormuz: Xi opposed militarization; both agree Iran cannot have nukes - Xi invited to US: September 24, 2026 ❌ FAILURES (What Trump Did NOT Get) - Boeing: 200 jets vs market expectation of 500+ (BA fell 4%) - No semiconductor breakthrough – export controls "not a major discussion" - No trade truce extension decision yet (October truce expires November) - No binding Iran commitments – verbal pledges only - Taiwan warning from Xi: "clashes and even conflicts" – Trump did not push back - No rare earths resolution – critical minerals controls remain - Markets sold off: Dow futures -300, S&P futures -1%, Nasdaq futures -1.4% - China has NOT confirmed any of the deals (Beijing silent) 📊 2017 vs 2026 2017: 30 CEOs, $250B deals, 300 Boeing jets, China confirmed, markets positive 2026: 17 CEOs, vague deals, 200 Boeing jets, Beijing silent, markets negative 🎯 THE BOTTOM LINE Modest deliverables. No breakthroughs. Verbal pledges, not treaties. China negotiated from strength. Expectations were overblown. 👇 Did Trump bring back wins or just photo-ops 👇Was the Beijing summit a strategic win for Trump or just a diplomatic photoshoot? $NVDA #TrumpXiSummit #USChina #BoeingDeal #Geopolitics
BTC pumped after the breakout retest of the long descending trendline and it is also trading above the key horizontal support, where 50MA is also acting as support.
It got rejected from the 200MA and trading above the 50MA and the horizontal support.
The trend remains bullish as long as the price is above the horizontal support, however small corrections could happen. $BTC
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