The long-hidden conflict between the 'Understand King' and Ma Baoguo has finally erupted publicly.

The two have been attacking each other on social media, tearing each other apart😂

On one side, Musk hinted at forming a new political party on social media, while the 'Understand King' threatened to cancel government subsidies and contracts for Musk's companies. Once a close plastic brotherhood, it's now over💔 Currently, Musk seems to be suffering more losses, after all, the 'Understand King' received a donation of 270 million real dollars during his campaign.

After Trump took office, he entered the strategic department and offended many powerful figures and organizations, making it a thankless task, losing both his wife and resources.

From an overall perspective, the entire financial market has been greatly affected, with Bitcoin crashing and altcoins being wiped out. The market has broken through key support lines, which had already shown signs of a pullback; it's just that the dispute between Musk and Trump accelerated the market's adjustment📉

In terms of market patterns, this pullback has not yet reached the true bottom; the spot market still needs to be patient, as the actions of the big players in cleaning out longs are not bloody enough. Only when prices drop below 100,000 dollars can it more effectively clear out the longs.

My personal advice is to short during rebounds, as the daily level is already in a pullback trend. Only when the market truly panics, and investors are crying out in distress, might the bottom appear.

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