Due to Trump's tariff policy, a world-class panic has ensued. Compared to other financial markets, Bitcoin has shown considerable resilience, but it may just be the calm before the storm. A significant drop may be on the horizon if Trump fails to force the Federal Reserve to cut interest rates this year (at least one cut is expected, with the market anticipating two). This could lead to capital outflows from Bitcoin (to gold, U.S. Treasuries, etc.). If there are no cuts this year, the overall cryptocurrency market will likely enter a bear phase, and the next bull market may be relatively far away! In terms of overall technical analysis of the current bull market, Bitcoin should closely monitor the 73,600 price point. If it falls below this and the weekly K-line cannot recover, we will directly see the 61,300 price point. Similarly, if the weekly K-line cannot close with volume (the low point cannot break 58,800), we will closely watch 48,800; a drop below this will directly indicate a bear market. Looking at the monthly chart, around 29,800 may be the bottom of the next bear market (which could last several years) before there is an opportunity to go long. Of course, there's no need to be overly pessimistic; after all, a single statement from this madman Trump could potentially cause Bitcoin to surge dramatically (this analysis is also prompted by the recent tariff issues causing a crash in the U.S. stock market, with the Federal Reserve remaining indifferent, making it difficult to be bullish in the short term). A sincere suggestion for friends who have positions: placing a stop-loss around 48,800 is the safest option. Personally, I currently see the bottom at 61,300 and have placed an order there (stop-loss at 58,800). If I miss the opportunity or get stopped out, so be it; I'd rather miss out than chase highs or lows. However, if the Federal Reserve shows signs of cutting rates soon, I will place orders in the 73,600 range (after all, most in the current market are also eyeing this level). It is also possible that we may not dip further and instead rally. In that case, I would choose to look for short positions at higher levels, as a direct rally indicates (exhaustion of positive sentiment, signaling the end of the bull market), allowing for bold entry. Below are my personal insights; if anyone has new perspectives, we can discuss them together. I hope everyone can share in the benefits of the crypto space!!!@BTC