TC buying costs slightly decrease, but rapid appreciation may trigger regulatory attention, and OTC channels experience increased short-term volatility.

Medium to long-term: Slightly positive. The core driver is the weakening of the US dollar (the US dollar index has fallen over 9% this year), and historically, periods of dollar weakness have led to significant rallies in risk assets like Bitcoin.

Chinese assets are generally strengthening (A-shares and Hong Kong stocks attracting capital), risk appetite is increasing, indirectly boosting the funding environment in the crypto space.

Safe-haven outflows are weakening, but the main logic remains global liquidity easing and institutional entry, and the bull market is not over.

Conclusion: Don't be scared by small exchange rate fluctuations; the core of the crypto market depends on a weak dollar and macroeconomic easing. Short-term corrections are normal; buy the dip and continue to benefit. The Bitcoin bull market is far from over!