Get ready! Tonight at 12 o'clock, Trump will announce the tariff results to various countries. Will the market accept it? We shall see.

At least Trump has given the market a piece of good news with a safety net, which is that the implementation of tariffs has been postponed again, from July 8 to August 1, giving the market some room for imagination and more uncertainty. I mentioned yesterday that Trump's bottom line is very flexible; it really changes every day, and now he says it will be postponed again, sigh...

I really don't like this constant postponement; he might ruin the bull market in the crypto space. The normal script is for the crypto market to surge in April, consolidate in July, and fall before it can rise even higher. Then in September and October, we start another wave of market activity, ending the four-year cycle by the end of the year.

But now Trump keeps dragging this out, and the crypto space is stuck, unable to go up or down. The inflation and unemployment caused by additional tariffs will take at least two months to reflect in the market; with tariffs starting in August, the negative impacts of soaring inflation and declining corporate profits won't hit until October, making it hard to have a bull market by the end of the year. The Federal Reserve will also need to see the tariffs actually implemented before it can cut interest rates, so it might not be possible to lower them even in September.

Therefore, I personally don't favor this kind of market situation, but we retail investors can only accept it. The long-term outlook is unclear, so we rely more on short-term trading for profits. Yesterday we went long above the support of 107200, and short below the resistance of 109200; it seems to be working out well, making 1000 points on contracts every day, enjoying good food and drink.