Market news:

1. Trump announced a nearly 100% tariff on chips. Factories built in the U.S. may be exempt, but Nvidia's largest manufacturing plants are located in Mexico, with the second one here in East China, which means Nvidia will have to bear the 100% chip tariff. Since Nvidia is listed on NASDAQ, the cryptocurrency largely follows the three major indices that track NASDAQ. This news was released at 6 AM before the U.S. stock market opened, and there was already a slight drop before the opening, which may continue to decline after the market opens.

2. The "reciprocal tariff" from the last list officially takes effect at 12:00 noon in the East Eight Time Zone.

3. In the evening, the inflation expectations of the Federal Reserve and the market may cause significant fluctuations.

4. The U.S. and Canada may reach part of an agreement. The Canadian president's assistant Ushakov stated: Russia is preparing specific arrangements for a meeting between the two heads of state with the U.S. side, but did not specify whether an agreement was reached. However, other media reported that an agreement has been reached, and a meeting will be held in the coming days. Subsequently, due to geopolitical sentiment, gold and crude oil experienced a sharp drop in a short time. If an agreement or ceasefire is actually reached, it will also be beneficial for the cryptocurrency market.

Currently, with insufficient trading volume, the Bollinger Bands are operating steadily within the range, without significant widening or narrowing. The RSI is also operating steadily in the middle band. If it does not break out of one-sided movement before the weekend, we will continue to monitor the upper and lower edges of the range, with the upper level still focusing on 115500-116000, and the lower level focusing on 112800-112300. These two areas are also dense areas for long and short positions on the heat map, with bears slightly in control. $BTC