Let me share an information gap.
Mainstream Chinese financial media have hardly reported on it, but on overseas social platforms and in trading circles, the matter has become the hottest topic in the past 48 hours—Chinese leaders are about to visit the United States. And this time, President Trump himself will go to the airport to meet them, and there will be a state banquet at the White House.
1. What exactly happened?
According to the schedule released by the White House: Chinese leaders will arrive at Joint Base Andrews on September 23. In a rare move, Trump will personally meet them at the airport and hold a welcome ceremony. On September 24, the two heads of state will hold a closed-door meeting at the White House, and they will jointly attend a Rose Garden parade ceremony. That evening, the White House will host a state banquet. On September 25, after a tea reception, the Chinese leader will depart for home.
This is the first time in 11 years that a Chinese leader has made a state visit to the United States.
On the topic side, according to reports from multiple sources, tariffs, artificial intelligence, and rare earths are the core areas of discussion. Trump himself has already said, “We will reach many different agreements.” China’s Ministry of Commerce also confirmed that the two sides are negotiating a framework to reduce tariffs on $30 billion worth of goods each.
The market reaction was very direct. After the news broke, Bitcoin surged strongly, breaking through the $80,000 level in one shot. Ethereum reclaimed the level above $2,600, and SOL broke $112 to set a seven-month high. This isn’t a行情 for a single coin—it’s a collective repricing of risk assets as macro expectations of eased geopolitical risk take hold.
II. Will the same play from last time be repeated this time?
Before Trump visited China in May this year, Bitcoin surged steadily from around 700,000, jumping nearly 10% in two weeks. U.S. stocks also rose in sync.
The current situation has similarities to that time, but also differences. The similarity is that the logic of risk appetite recovery from easing geopolitics is the same. The difference is that this time the macro environment is more complicated—the Fed has just raised rates, inflation pressure is still there, and the sustainability of AI capital expenditures is under discussion.
So whether this time’s行情 will replay the “surge by 10% in the two weeks before the U.S. visit” scenario—I’ll be honest, I’m not sure. But one thing is certain: before the official meeting on September 24, all negative news in the market must make way for this once-in-an-epic level of positive catalyst. There’s only one logic that funds are trading right now—easing China–U.S. relations.
III. A thought-provoking question: how big is the impact of a U.S. visit on the crypto market, really?
This is the core point I want to discuss with everyone.
The optimistic camp believes that easing China–U.S. relations means improved expectations for global liquidity, benefiting risk assets across the board. As “digital gold” and a macro liquidity asset, Bitcoin naturally rises. Also, China has real influence in the Middle East. If it can play a mediating role in the U.S.–Iran issue, oil prices could fall and inflation pressure ease, giving the Fed even less reason to continue raising rates.
The cautious camp believes that the easing of China–U.S. relations has only limited direct impact on the crypto industry. In its research report, BIT notes that after the mid-May meeting between the two leaders, the market was briefly excited, but when optimism faded, there were no concrete measures to ease trade or AI-related exports. Bitcoin then pulled back. On-chain analysis also emphasizes that as a macro liquidity asset, Bitcoin’s behavior depends more on U.S. dollar liquidity and risk appetite—not on any specific geopolitical event.
What’s more important is that China’s current regulatory stance toward cryptocurrencies has not seen any substantial shift. Some analysts say that, instead, Chinese authorities have recently tightened restrictions on crypto-related activities, tokenization of RWA, and RMB stablecoins. This means it may be wishful thinking to expect a visit to the U.S. to directly bring Chinese capital inflows into the crypto market.
So my view is: any benefit to crypto from a U.S. visit is more about sentiment and liquidity expectations than fundamentals. It can push near-term market moves, but it won’t change the industry’s long-term structure.
IV. On trading strategy, my thinking is
We already built spot positions around 75,000. The ETH 2,360 and SOL 98 support levels have also been involved. Part of the profit from taking positions from the bottom has already been realized.
At this point, I won’t chase the price up. The reason is simple: a news-driven move comes fast and fades fast. Before the September 24 meeting, market sentiment may stay somewhat warm. But on the day of the meeting, you should be wary of “good news being fully priced in.”
Specifically:
Resistance overhead: The 83,000–86,000 range for the big coin has accumulated significant potential sell pressure from long-term holders. Glassnode’s report says that this range has more than 1.05 million BTC in supply waiting to be digested. There is also clear resistance above $2,600 for Ethereum. SOL faces strong pressure around 114.
Bottom support: 70,000–79,000 is a short-term support area for the big coin. If price retraces into this range and stabilizes, that’s where I would consider adding to my position. The ETH 2,500–2,550 and SOL 100–103 support zones are also worth watching.
Timing matters more than direction: before September 24, the market will most likely maintain a choppy but generally strong setup. On the day of the meeting and afterward, you’ll need to watch the actual outcomes—whether tariffs are substantively reduced, and whether AI cooperation comes with concrete frameworks. If nothing exceeds expectations, there’s a fairly high chance of a pullback.
CZ once said, “Every decline is an opportunity.” The difference this time is that the opportunity may only truly appear after the meeting.
