In this round of the bull market, I have been holding on mainly because I feel that the funding structure of BTC has changed. It resembles a growth stock participating in the trends of leading US stocks (like Apple). As long as your cost basis is low enough, you shouldn't get rid of your core holdings. The further you are from the bottom, you can choose to take profits, but your core position should gradually shrink and you shouldn't liquidate completely;

Trump has given us an overt strategy: first, BTC as a strategic reserve; second, the passage of the stablecoin bill. These two directly brought the cryptocurrency market into the mainstream, while indeed providing greater imagination space for both bulls and bears, aiming to replace US debt;

I admit one viewpoint: Wall Street's capital is not made up of philanthropists; they can't just buy and see prices rise all the time. When they gain absolute control over the market, they can harvest at will. However, to say that Trump’s story directly ended BTC's rise from 20K to 12K seems a bit shortsighted (this is my self-delusion as a retail investor);

Of course, if you say Trump just wants to dabble in the crypto market, take a profit, and then retreat, my understanding is limited, and I am at a loss for words. This is why I say the technical perspective looks bearish, but the long-term logic still looks bullish because my cost basis is low enough. I have also reduced my position at 120K. We shouldn't speculate on where this adjustment could go; it’s meaningless. As long as the top of the weekly chart has not been absolutely confirmed on the right side, I won't get rid of my core position. I've mentioned many times before that I cannot escape the top this round, which actually means just that.