I haven't dared to open positions these past few days; the direction is unclear.

Short-term bearish: Uncertainty over tariffs and regulations has triggered sell-offs, with leveraged liquidations and high volatility exacerbating market turbulence.

Long-term bullish: Clarification of regulations (such as stablecoin legislation and bank access) accelerates institutional capital entry, and Bitcoin's safe-haven attributes and technological innovations (such as the RWA track) may reshape market structure.