The US will impose new tariffs on dozens of countries this week, while Trump downplays the US-Iran talks! 7.22 BTC/ETH trading ideas

With the 10% tariff rate expiring on Friday, US officials have prepared multiple options to allow Trump to roll out new tariffs on dozens of countries. The new tariffs are expected to be roughly equivalent to the current 10% tariffs, but the US government is also pushing forward with other investigations in order to obtain legal authorization to charge the proposed higher tariff rates. Trump said that starting August 1, 2026, all generic drugs imported into the US will continue to enjoy zero tariffs for a period of two years; after that, tariffs will first be increased to 100% (for one year), and then rise to 200%. This move is intended to encourage the return of generic drug production, and to punish companies that fail to establish production facilities and equip them with the relevant equipment within the specified timeframe.

As for the US-Iran front, Trump is no longer emphasizing a quick deal, saying it is “far from over,” and again threatens to soon strike an Iranian nuclear facility buried deep underground, while Tehran warns that any new attacks will expand into a “regional war.” With the two sides continuing to be deadlocked, the next round of escalation will most likely follow. So there’s no reason to chase the rally—just keep laying for shorts from the high range!

7.22 short ideas:

BTC shorts at the current price range 66400-66900. Defend around 67500. Targets to watch: 65000-64500-64000. If it breaks down, watch 63500-63000-62500-62000. Keep adjusting the moving stop loss and take profit depending on the situation after the breakdown!

ETH enter shorts at the current price range 1930-1960. Defend around 1990. Targets to watch: 1850-1820-1800. If it breaks down, watch 1750-1720. Keep adjusting the moving stop loss and take profit depending on the situation after the breakdown!

7.22 long ideas:

BTC pullback to 61500-62000 for a long position (one lot). Defend around 60500. Targets to watch: 63000-63500-64000. If it breaks out, watch 64500-65000.

ETH pullback to 1700-1730 for a long position (one lot). Defend around 1640. Targets to watch: 1750-1780-1800. If it breaks out, watch 1830-1850.

The US-Iran situation keeps escalating, but the coin price has stayed in a high-range consolidation and has been slowly rising. It clearly shows that 🐶 and the group likely want to eat up the shorts—or scare the shorts away. Chasing long would definitely only squeeze out a bit of small upside; only shorting has a chance to take a big bite of profit. So just short!