#特朗普马斯克分歧

About the reasons for this major market crash: In the early morning, Musk and Trump engaged in a war of words on Twitter, former allies parting ways.

There is no need for everyone to panic; let me elaborate. Do you remember the recent tariff war initiated by Trump? It was a gradual process of high tariffs slowly decreasing. During this process, don't just look at the tariffs; the financial market was turned upside down. How much has Trump gained? His pressure comes from the U.S. national debt; if he doesn’t manage to pay it off, it will be unprecedentedly difficult.

This confrontation between Musk and Trump is certainly not as simple as it appears (it’s also possible they will reconcile in a few days and the market will celebrate again). We just need to wait quietly for market changes.

June 6 Market Analysis

Bitcoin unexpectedly plummeted nearly 5% yesterday, and technical analysis completely failed. The anticipated rebound did not occur, and the bears violently sold off. This abnormal movement was mainly influenced by the overnight verbal battle between Musk and Trump, which also dragged down the U.S. stock market and the crypto market.

Currently, Bitcoin is testing the key level of $100,000, while Ethereum is testing the support range of $2300-2400. Due to the sudden events causing technical indicators to fail, it is advised to mainly observe for now, focusing on changes in market sentiment and the development of news.