The US stock market, specifically NASDAQ, particularly NVIDIA — NASDAQ should currently be the largest bubble area in the US stock market, and it hasn't collapsed yet, largely thanks to NVIDIA. Last night, both NVIDIA and Bitcoin saw a significant rebound, mainly because Trump announced he is considering exporting H200 to us. It seems the emperor is also anxious; the US stock market cannot collapse, so he quickly came out to shout a slogan. Indeed, it was quite effective and managed to hold it up, but how long can you support it? We didn't buy H20 back then, and now with H200 being exported, can we buy it? When the imperial army wasn't here, you bullied me; now that the imperial army is here, you still bully me. So, the imperial army came for nothing. Back then, you held H20 to my neck, and I invested my own resources to break through chip research and development. Now you plan to use H200 to dump it on my neck, which means my R&D was for nothing. Is that possible? This news can drive market sentiment, can make NVIDIA stop its decline during trading, and can also halt Bitcoin's fall. To a large extent, the current market is in a state of panic and is desperately seeking solutions; any favourable news is a lifeline, which further indicates market fear. If we also consider last week's September US Non-farm Payrolls (NFP) data, we can see the current White House's attitude toward the US stock market — the number of jobs exceeded expectations last week, and the unemployment rate also rose. Doesn't it seem magical that both employment and unemployment are increasing? How dare they publish this data so grandly? It's really a last resort. Employment must support the US stock market, while unemployment must support US Treasury bonds. The Fed isn't listening and can't be controlled anymore, so Trump has to personally step in. Whether it's reasonable or not doesn't matter; the Labor Department should act according to my emperor's wishes. Look at the reaction of the US stock market; these days it's been wildly fluctuating, very stimulating, completely different from Bitcoin's stable decline. What's going on? Isn't it just telling institutions to hurry up and run? Through the market shaking, on the one hand, it allows institutions to sell off in batches without getting trapped, and on the other hand, it cleans out the leverage in the US stock market to prevent accelerated declines when the leverage isn't cleared out, leading to a chain reaction and directly triggering a circuit breaker. #比特币行情观察