$BTC This morning's rapid decline was mainly influenced by other markets.

This morning, crude oil opened lower, US stocks trended down, and gold surged again, indicating an increase in market risk expectations. This also confirms what I mentioned in yesterday's article, that Japan is flipping, and the Americans haven't even signed a tariff agreement, making the market increasingly immune to Trump's verbal attempts to stabilize it.

Last night, before the market opened, Trump once again extended an olive branch to China. Trump stated that he is willing to lower tariffs on China at some point, as the current tariffs are too high, causing the world's two largest economies to essentially stop their economic exchanges. Trump also praised some of China's recent statements as 'positive'.

However, the Chinese know the story of the boy who cried wolf. Investors are aware that Trump's gestures of goodwill, without any actual action, are intended to stabilize the market, but the market has now become immune to Trump's rhetoric, and today's market decline is a clear indication of that.