Once the tariffs came out, the global market plummeted, and various panic theories emerged, claiming that it was comparable to the 312 incident. Investors need to have their own judgment.

MSTR rose against the trend last night, and Bitcoin has already decoupled from the Nasdaq. Although I am involved in cryptocurrency trading, I have never considered Bitcoin to be something substantial; it does not possess commodity attributes. The entire cryptocurrency market is only worth over two trillion dollars, which is still less than Apple. Bitcoin, with a market value of over a trillion dollars, still ranks among global assets, so let's simplify it: consider Bitcoin as a stock without a physical entity. If it's a stock, it has its own independent market conditions. The US stock market started to decline after interest rate cuts last December, while Berkshire has been rising, so independent analysis is necessary.

Currently, I believe the market is simply fluctuating, ranging from 81 to 88, occasionally spiking; it rises on good news and falls on bad news—these are real-time market conditions. A bull market will still require significant positive news and sustainable interest rate cuts.

The above are personal views, meant to give some hope to those who have suffered significant losses. Ignore the talk of breaking 70,000 or reaching 120,000; if you encounter such statements, just block them out. Those thoughts are mindless and will only affect your judgment.