It's been a while since we discussed macroeconomics, so let me briefly chat with you guys: "After the US-China tariff reconciliation, why did the US stock market rise and fall by $BTC ?"

I don't like to use overly professional jargon to show off; I prefer plain language. I think financial opinions are not that complex in logic.

First of all, the positive expectations from the US-China tariff reconciliation have already been fulfilled, and there are currently no greater benefits. The prices are also at a relatively high level, so profit-taking from below is understandable, and the previous wave of market participants has exited after breaking even. A short-term decline in the market is also not surprising! However, I don't think it will drop too much since it's not easy for the big players to pull it up and allow this wave of market participants to exit after breaking even!

Furthermore, BTC, as digital "gold," has the safe-haven properties of gold. Therefore, the recession expectations that arose from the previous tariffs have been automatically dispelled by this tariff agreement, making selling justifiable!

Currently, the biggest expectation in the market should be interest rate cuts, but we still have to wait a bit longer!

Lastly, there is a CPI data release tonight, so everyone should pay attention to position risks!