I believe everyone is familiar with the implementation details of the tariffs. For more information, please refer to Ni Da's @ Phyrex-Ni article at https:// (x.com)/Phyrex_Ni/status/1907546093321334823 This morning, BTC surged and fell back, reaching the range of 82000-83000 that I mentioned. Currently, the US stock market, Nasdaq futures, and others are experiencing a sharp decline The uncertainty in the next 24 hours may be very high, and the opening of the US stock market at night will definitely reflect the panic price. The weekend is approaching soon, and the volatility will become even more uncertain. In the short term, the tariff war will exacerbate the risk of stagflation in the US stock market, and in the medium to long term, it will worsen the US economic recession. Do you still remember the Merrill Lynch clock we talked about before? Ah, it may still be unbreakable. Of course, we can pay attention to the negotiation process between various countries and the United States in the future. If there is good data progress, it will definitely be good for the market and boost confidence If tariffs exceed expectations further, it depends on whether the economy can withstand them and the response of the Federal Reserve.