[#HashKey Trading Moment]: Bitcoin Tackles 110,000, Ethereum Sets Sights on Key Resistance, How to Position Under Tariff Clouds?

Although the United States has extended the tariff grace period to August 1, it threatened again this week to increase taxes on imported goods from major trading partners, making the uncertainty of the final tariff level continue to ferment.

With Hong Kong's "Stablecoin Ordinance" about to take effect in August, the market is full of expectations for the compliance dividend brought by the clarification of the relevant regulatory framework. HashKey's chief analyst, Jeffrey Ding, pointed out that Hong Kong stock stablecoin concept stocks such as Jin Yong Investment have doubled recently, reflecting the market's strong expectation for compliance dividends after the ordinance takes effect in August.

The cryptocurrency market is undergoing a critical stage of technical breakthrough and cycle verification. Bulls and bears are fiercely competing around $110,000. Analyst 0xENAS pointed out that if the price cannot break through this resistance level, it may quickly fall back to $100,000; conversely, it is expected to hit $120,000.

Regarding Ethereum, analyst Open4profit said that after $ETH stood at $2,600, it is approaching the $2,630 triangle resistance level. Open4profit suggests paying attention to changes in trading volume to confirm the trend.

In the altcoin market, Vertex announced that it will migrate the DEX on Arbitrum to the Ink network and gradually phase out the native token VRTX, causing VRTX to plummet by 60% in 24 hours. The MEME token battle between Solana ecosystem's Letsbonk and https://t.co/eJImNGAVxF is still ongoing.

$BTC medium and long-term trend channel: upper channel line ($108,964.14), lower channel line ($106,806.44)

$ETH medium and long-term trend channel: upper channel line ($2,545.01), lower channel line ($2,494.61)

By @HashKeyExchange & @PANewsCN