Although the logic behind the independent rise of $BTC is still unclear, the logic behind the decline of the US stock market is quite clear. One reason is the pessimistic economic outlook, and another is the conflict between the political and economic management in the United States. Today, Trump once again criticized Powell in a post, claiming that Powell is always too late, completely forgetting that in January he personally praised the Federal Reserve for not lowering interest rates.

In March, he actively praised the Federal Reserve for not prematurely lowering interest rates, but now he is saying that Powell is too late and that the US should lower interest rates to prevent economic weakness due to tariffs. Uncertainty is what everyone fears the most. As of now, the S&P 500 has already dropped by 2.74%, while Bitcoin and gold continue to rise, with trading volume also increasing.

The 10-year, 20-year, and 30-year US Treasury bonds have all risen by more than 1%. I might be wrong, but I will not go long at this position, as it does not align with my understanding.

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