Operational Strategy:

1. Bitcoin fell after the announcement of strategic reserves, primarily as a correction to the market's overly high expectations, as Trump's executive order did not involve plans for direct government participation.

2. Under a neutral budget framework, asset replacement is the most operationally feasible plan for accumulating Bitcoin, but the Treasury lacks congressional authorization, leaving limited operational space.

3. In the long term, the core value of Bitcoin's strategic reserves lies in suppressing government-level sell-offs while demonstrating a ripple effect.

4. Reducing government deficits has entered a deep water zone, and Trump is likely to continue pressuring the Federal Reserve on interest rate cuts, with the possibility of artificially creating pressure on non-farm payrolls. Interest rate cuts have become the most probable positive factor to reverse the market downturn in the short to medium term.