Lin Pangxiong is right, but I have been quite confused about what comes next. If we are just talking about $BTC, I am confident based on the long-term trend. However, in the short term, it is very likely still a game of macro and political factors. Will the economy go into recession? Will the Federal Reserve make concessions? Will Trump cause any surprises? Will geopolitical conflicts escalate? All of these will impact the short-term market.

So my personal view is to first see if we can return to the highs before the tariff negative news broke. If we can go back, it indicates that investor confidence and market liquidity still have some assurance, and we can be more optimistic moving forward. However, if we cannot return to the levels before the tariffs, it can only be said that investor confidence is lacking. In this case, it will be very difficult for BTC to develop an independent trend in the short term.

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