The trade war between the US and China is at its peak. The US has imposed a 104% tariff on Chinese goods starting at 12:01 PM on April 9 (US time). The market immediately reacted negatively. Bitcoin surpassed 80k but fell back to 76k; during this time, there will be no cash flow into crypto, so the short-term sentiment is quite pessimistic. However, it is expected to be like the 2017 period when Trump was president, also imposing heavy tariffs on China, followed by stable negotiations between the two sides.