Since the feud between Musk and Trump began, within just a few hours, Tesla's stock price has dropped about 14%, with a market value evaporation of $152 billion, marking the largest single-day decline in its market value in years.
Trump's cryptocurrency has fallen nearly 10%, with a market value loss of over $100 million.
Bannon is pouring oil on the fire, believing that Musk is an illegal immigrant and should be deported immediately.
This time, Musk has been hit harder than anyone else.
People say that Musk supported Trump back then, and now it's payback time.
And when the two of them have a falling out, someone will definitely come out to mediate. Maybe the two are truly causing trouble, or perhaps it's a premeditated plan to short the market and then come back for a round of bottom-fishing; after a while, the two will again be sweet on each other. I really don't like that.
The lifeline of the financial market or retail investors has always been in the hands of these two. I wonder, during Trump's four-year term, he must have made a lot of money, but after four years, will there be a reckoning?
As for Musk, who is 53 this year, with the transient nature of presidents, if Musk lives to 90, he will experience 6-8 presidential terms.
Thinking about the grievances and love-hate relationship with Trump, that's nothing.
As for the recent days, BTC might see a rebound, but I don't think it will break 110,000 or its previous high. June, July, and August will definitely be months of volatility, consolidation, and pullbacks. Spot players should continue to wait patiently; for BTC, if it doesn't go below 10,000, don't enter the market. As for contracts, continue to short on rebounds. There's nothing wrong with going long in the short term. Just don't be rigid. $BTC
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