It's hard to write homework. I prefer to write about the industrial changes brought about by AI rather than write homework. As a result, a series of things are slowly breaking out around tariffs, geopolitical conflicts and so on, and there is no end in sight for the time being. First of all, tariffs. On one hand, Trump believes that the tariffs he formulated do not need the approval of the Supreme Court, which is the right of the President, and this power has brought chaos to many countries and regions such as the EU. The second is the tariff refund involving 134 billion dollars. Now the House of Representatives and the Senate are still wrangling. The Democratic Party hopes to promote legislation, and the Democratic Party clearly says that it will not agree with Trump's tariff in 150 days, but it is estimated that the 150 days will be chaotic until the beginning of July. That's not all, the risk of geopolitical conflict between the United States and Iran is intensifying, oil prices in the United States are still rising, and the Pentagon has submitted a funding adjustment plan to Congress, which will spend $151 billion on warships, missiles, and fighter jets, which is enough for tax refunds. From the data of the predicted market, the proportion of the Democratic Party winning the parliament in the mid-term election is increasing, and Trump and the Republican Party are suffering. Looking back at the data of Bitcoin, the price decline has led to an increase in trading volume and turnover rate. However, it is also evident that the participants in turnover are short-term investors who have bought and sold in the past two days. Investors with holding costs above $70000 or below $60000 have not shown significant changes, indicating that more investors are actively or passively moving towards long-term holdings. The chip structure is currently very healthy, and it is also evident that early investors hardly participated in the turnover. My feeling is that low prices are becoming increasingly difficult for investors to hand over their chips. @bitget VIP， Lower rates and more generous benefits