#行情震荡，做空还是做多？ In today's crypto market, the rise and fall are basically dominated by Trump's statements. After a 90-day delay on tariffs, Trump recently announced news of a collapsed tariff system and declared an exemption of "reciprocal tariffs" on certain products. As soon as this news came out, crypto assets immediately surged. However, yesterday after-hours, it was reported that the exemption on tariffs is only temporary, and the crypto market was instantly affected by the news, with increased selling pressure and a retreat to avoid risk. It is expected that in the coming period, all financial markets will undergo a sentiment repair cycle. Market traders need to take a breather; in the current state, the absence of favourable information is tantamount to unfavourable information. Only the emergence of favourable news can drive the market out of the gloom and start the repair process. On the operational level, it is essential to closely monitor macro conditions and the dynamic changes in news. Currently, the crypto world is showing a high correlation with the US stock market.