Regarding the impact of Trump's tariff increases on the market:

Macro level:

Europe and the United States and China and the United States are two different concepts; one is a natural enemy, while the other is a brother; moreover, the market has already undergone a wave of tariff turmoil, and its tolerance has increased.

Micro level:

According to the latest data, BTC experienced a spike due to Trump's speech, and during that spike, there was indeed an increase in Bitcoin supply. However, this newly entered supply has already been consumed, indicating that most investors in the market remain relatively optimistic about BTC's future trend, and this new influx of supply is very low, not forming a kh trend.

Currently, the total BTC supply on exchanges continues to refresh its lowest point in nearly a year, and the sentiment among spot investors remains positive. Although Trump's speech is bearish, from this data perspective, the temporary impact is very limited.

Technical form:

From a technical perspective and based on this round of experience, bottoms are often V-shaped, but tops have never appeared as A-shaped; making a top is a relatively long process. This can be illustrated by last year's double-top phase.

Additionally, today's signal is not obvious, and the decline is too small. I believe that only when there is a drop of over ten thousand (including spikes) will it be a possible signal that the top bears may start a structural initiation. #美国加征关税