The China-US-Switzerland tariff negotiations have made significant progress, and relevant details will be announced at the press conference on the 12th. Now, let's make a blind guess:

If the China-US tariff negotiations reach an agreement that meets market expectations, US stocks may rise in the short term, while Bitcoin may remain stable or see a slight increase, but the impact is quite complex.

Reason 1: A ceasefire in the tariff trade war usually reduces market uncertainty, driving US stocks up, especially in trade-related industries.

Reason 2: Personally, I tend to think that Bitcoin may remain stable or see a slight increase in the short term; some investors may view it as a risk asset, but the reaction may not be as pronounced as that of US stocks.

The reaction of Bitcoin may be quite complex. Reduced trade tensions may decrease Bitcoin's appeal as a safe-haven asset, but overall market optimism may drive its price up slightly. Gold has already fallen, but Bitcoin has remained relatively stable after the announcement of progress in China-US negotiations, and there may not be significant changes in the short term.

Conservative investors can take profit on rallies or consider a call ratio option; in the short term, before the end of June, it should not break 120K.