The recent visit by Trump to Beijing has had a surprisingly muted impact on the market. Despite expectations of major breakthroughs and agreements, the energy at the meeting seemed lacking, and the US indices cooled off immediately after.
From a market perspective, the situation is still considered a pause within an overall bullish cycle. There are no signs of fear or panic, but the setup for shorting crypto remains interesting, especially in weaker alternative coins.
The author holds a short position on Litecoin ($LTC) with potential downside targets if the US stock market experiences a deeper correction phase. A successful scalp trade has also been converted into a mid-term position on Injections ($INJ).