As long as the bulls don’t die, the bear market won’t end!!!

Here, the bulls refer to the spot market, a saying from a friend who entered the A-shares market many years ago, which still holds true today.

Trump is unpredictable and will announce reciprocal tariffs against multiple countries next week. Additionally, CPI data will be released next Wednesday.

The altcoin market is like a startled bird, with the fear & greed index at only 44, which is inconsistent with the actual sentiment.

If there’s another wave of downward movement, the long-term holders still holding in the altcoin market may see some people start to surrender.

Bitcoin is below the midpoint of the range, making it difficult to break below the major support level in the short term.

In the short term, one can place limit orders for spot trading to bet on a rebound. It’s great if you can get filled; if not, just wait. If you are trading on a larger cycle level, the current position is not suitable for opening a position.

In fact, the so-called reciprocal tariffs don’t have a significant impact on the crypto market in the medium to long term; it’s mainly due to media amplification after a significant drop.

In the short term, there will indeed be some impact, mainly for two reasons:

1. Increased uncertainty, which is what financial markets fear the most.

2. Risk aversion sentiment.

Normally, when tariff policies change, most investors will sell off risk assets and shift to safer assets, such as the US dollar, especially if the dollar strengthens due to tariff policies.

So it’s worth paying attention to the US dollar's trend; the last chart is the US dollar’s trend. #山寨币