Recently, Trump announced that the reciprocal tariff policy will officially take effect tonight, which may trigger a global capital influx back to the United States and bring significant volatility to the international market.

The implementation of this tariff policy may lead to an increase in risk aversion, putting pressure on global risk assets. The cryptocurrency market, as an emerging asset class, is also unlikely to be immune. In the face of such uncertainty, some investors may choose to withdraw early, which will undoubtedly exacerbate volatility in the crypto market.

At the same time, the latest data on initial jobless claims in the United States showed a slight increase, reaching 218,000. Although the labor market still demonstrates some resilience, the economic disruptions brought about by new policies may gradually become apparent in future data. If the labor market weakens further, it could deliver a second blow to market confidence.

With multiple bearish factors accumulating, market panic may further intensify. In this situation, investors should remain calm and rational, reasonably control their investment positions, and closely monitor the market's actual response after the policy is implemented.

The current situation is changing rapidly, and managing risk is more important than any investment decision. Investors should remain vigilant at all times and adjust their strategies promptly to respond to potential market fluctuations.