The purpose of tariffs is to bring capital and businesses back to the United States and create more jobs. Trump said he has not seen an economic recession, the stock market sell-off has nothing to do with him, and the economy will surely prosper.
Regarding Tesla's sharp decline yesterday, Trump showed his support for Tesla and Musk through his actions.
When the US market opened, a remark about Canadian tariffs being implemented tomorrow led to a sudden shift from a volatile market to a downturn, but comments after midnight still leaned towards being favorable for the market.
Additionally, let's talk about today's BTC and US stock market trends. At 10:30 PM, the US stock market was falling, while BTC was rising. Even SOL and ETH broke today's highest point, which is quite unusual. This can only indicate one thing: the liquidation of this bullish trend has reached its target, and the remaining bullish positions are insufficient, while breaking the lowest point of 78,000 in over three months, leading to an increase in short positions. The market needs to recover, and this wave of trapped shorts will inevitably become fuel. Moreover, cryptocurrency has already become a strategic reserve for the United States. When the proportion of shorts exceeds that of longs, capital will be reluctant to crash the market and provide shorts with excessive profits, nor will it give the market a lower price opportunity for bottom fishing; this is the strategy.
Finally, let me emphasize again:
Trump's remarks in the early morning roughly mean: the purpose of tariffs is to increase the employment rate, which will only make the economy better and better, and it will surely prosper in the future. Everyone, wake up! Stop selling off trivial matters, and if anyone goes to stir trouble with Musk, causing negative news for Tesla, I will arrest you.
