Bitunix Analyst: Trump’s H-1B Fee Shock Hits Indian IT, Political Risk Fuels Crypto Volatility

According to Followin, on September 22nd, Trump mandated a new $100,000 fee for H-1B applicants, directly impacting India's $280 billion in IT outsourcing profits and triggering diplomatic and legal battles. This short-term increase in business costs and trade tensions will increase volatility in tech stocks and the US dollar, potentially suppressing market risk appetite and driving funds towards safe havens or more liquid assets. The BTC price has fallen from around 117k to around 114k. Resistance is seen above the 119k–120k level, while buying is seen below 113k. A break below 111k could lead to secondary support at 108k. Heat maps show that areas of concentrated liquidity are prone to short-term breakouts. Bitunix analysts recommend: This rule is highly political and will prompt negotiations and litigation between businesses and governments. Short-term sentiment is driving the market; true institutional change will take time. Focus on the progress of US-India bilateral negotiations, responses from major tech companies, and the courts. If the conflict continues, funds are likely to flow into the US dollar and bonds, putting pressure on risky assets. BTC resistance: 119,000, 120,500; support: 113,000. If this level falls, the trend will move from 111,000 to 108,000.