#美国贸易赤字状况 The tariff turmoil has arisen again. Will history repeat itself? I think there might be two scenarios this time—either a sharp drop directly, with the market being pushed to new lows; or it could turn into a shakeout opportunity, where after the volatility, the rebound is even stronger.

Macroeconomic factors like trade friction always have a very direct impact on the crypto market. Changes in US trade policies can affect global liquidity, which in turn influences how capital is allocated. Sometimes the market isn't just reacting to the bad news itself, but is betting on whether this bad news has already been fully digested.

Whether this tariff effect can serve as a reversal signal depends crucially on the pace of the game among all parties. For risk assets, it’s often during such policy uncertainties that the bottom is built.