Bitcoin just punched back above $113,000 as a thaw in US–China tensions flipped the switch to risk-on across global markets. Equities in the US and Asia firmed, gold cooled, and crypto caught a bid. But is this a fleeting relief bounce or the start of a sustained leg higher into a pivotal Fed week? Here’s what traders need to know before the next headline hits.

What just happened

Top negotiators from Washington and Beijing signaled a “preliminary consensus” on contested issues, and the US Treasury Secretary said the threat of 100% tariffs on Chinese imports is effectively shelved for now. With geopolitical tail risk repriced lower, bitcoin tags a near two‑week high above $113K. Majors joined: ETH hovered near $4,060, BNB and SOL added roughly 4–5% with SOL testing the psychological $200 zone, and XRP advanced to around $2.64. The total crypto market cap climbed about 1.8% to ~$3.72T, while TRX bucked the trend in red.

Why it matters to traders

- Easing tariff risk improves cross‑asset liquidity and risk tolerance, a tailwind for beta and alt exposure. - A softer macro overhang lets positioning normalize after recent liquidation waves, reducing forced selling. - Relief rallies ahead of major policy events can be sharp but fragile; the Fed’s tone next week will likely decide whether this breakout sustains or fades.

Key levels and setups

• BTC: Support 111,500–112,200; pivot 113,000–114,000; resistance 115,800–118,000. Acceptance above 115.8K opens a run at 120K; losing 112K risks a quick air‑pocket to 110K.
• ETH: Support 3,980–4,020; resistance 4,120–4,180. A 4.18K break targets 4.35K; below 3.98K invites mean reversion.
• SOL: Watch $200 as a round‑number magnet; sustained bids above $202 strengthen momentum; below $195, momentum cools.
• XRP: Range 2.50–2.70. Range breaks tend to trend—use alerts.

Opportunities and positioning

- Consider tactical exposure while the tariff overhang is reduced; prioritize assets reclaiming key levels on rising volume. - For BTC, look for pullbacks into 112–113K with intraday higher lows to manage risk; avoid chasing if funding and basis spike aggressively. - Express directional views with call spreads or staggered entries rather than outright market buys to control slippage and volatility premium.

Risks to respect

- The Fed meeting is less than a week away; a hawkish surprise or pushback on easing expectations can snap risk sentiment. - US–China headlines remain fluid until a formal Trump–Xi agreement; any setback can unwind today’s gains. - Weekend/Asia session liquidity can exaggerate moves; plan for gap risk into US open.

One actionable takeaway

Build a starter position only on confirmations—wait for BTC to hold above 113–114K on a 4H close with rising spot volume, then layer adds on pullbacks; if it fails that hold, step aside and reassess near 112K. Keep tight invalidation and let the Fed guide the next expansion.

Bottom line

The tariff truce talk gave crypto breathing room and put bulls back on the front foot. Treat it as a window for disciplined, tactical risk—until the Fed and the Trump–Xi meeting turn relief into trend or back into chop.

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