The market is currently mainly driven by favorable events such as tariff easing and ceasefire negotiations, but liquidity remains a bottleneck. Although tariff expectations are not as alarming, the tax rate is more than double that of 2024, and if equivalent tariffs are restored in early July, the market may not be able to handle it. The Federal Reserve is currently focused on the economy and inflation, and it will not easily cut interest rates before the tariff policy is officially implemented. Next, as long as Trump does not create any trouble, there is not much major risk in the short term for the market. However, it should be noted that ultra-long-term holders selling coins and insufficient liquidity may lead to a need for short-term adjustments. If a significant correction occurs, it could be a golden opportunity for bottom-fishing in batches.