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Trump's visit to China has ended, and the Nasdaq pre-market decline is gradually widening, confirming the market logic that good news is exhausted and turns into bad news.
However, yesterday's passage of the crypto legislation Clarity saved Bitcoin's life, causing it to briefly rebound from its dip, allowing it to continue consolidating at high levels.
But I think this is temporary. Normally, after a visit to China, the market should start to pull back once the good news is exhausted. Among them, Bitcoin can be slightly stronger because MicroStrategy has been continuously buying, making it harder to fall. But other coins, such as ETH, Sol, or ICP, are experiencing normal large declines, and are expected to remain weak for about a week.