US-China trade talks focus on rare earths and technology controls BTC is expected to break through the $110,350 resistance level

On June 10, representatives from China and the United States met in London, focusing on sensitive topics such as rare earth exports and U.S. technology controls, with further discussions expected to continue on Tuesday afternoon at 17:00 (Hong Kong time). The U.S. representatives hope that Beijing will further relax rare earth exports, while China demands that the U.S. ease export restrictions on chip design software.

Last week, China had shown goodwill to give breathing space to Western auto giants with rare earths, and the market interpreted it as a positive turn in negotiations. If Tuesday’s talks can lead to substantial progress on export rules and tariff frameworks, risk assets such as equities and cryptocurrencies will see bullish catalysts.

Analyst advice: The easing of the Sino-US negotiation sentiment will help boost the market’s risk appetite, but the final outcome is still uncertain, and the probability of short-term volatility is higher, if the negotiation releases bullishness and pushes up risk sentiment, BTC has a chance to break through the short-term pressure of $110,350; Conversely, if it breaks $106,000, it may backtest the $102,000 range. Caution is advised. Do not chase orders.