Old Bao's speech in the early morning caused the market to drop 📉 for a moment, but subsequently, Trump's unbinding of Biden's AI blockade plan indeed stimulated the risk market. Coupled with the negotiations with Dongda, the market's reaction was still quite good. However, it is important to note that although Biden's blockade has been lifted, the restrictions on Dongda's AI chips remain in place, so this information does not represent any change for China.
Returning to the data on Bitcoin, today's price fluctuations are quite frequent, and the competition between bulls and bears has increased, which has indeed led to a rise in turnover rates. Especially among short-term profit investors, there has been a significant turnover. However, Bitcoin's price is still relatively stable, and without further positive or negative information, maintaining a range-bound movement is highly likely.
If the U.S. stock market can continue to rise 📈, then the probability of BTC following the U.S. stock market's increase will be very high. However, the rise of the U.S. stock market at this stage is also driven by events, such as today's NVIDIA, which was purely event-driven.
