Privately, I often tell Brother Guilin that we are rival markets. This recent decline is partly due to Trump's speech creating market expectations of unfavorable tariffs, and on the other hand, $BTC has indeed led the way for a while, but the trading volume hasn't seen the explosive increase typical of a "bull market," so short-term investors are still somewhat hesitant. The reason we are rival markets is that Trump's speech is either a "decision" or just "intimidation."

It's similar to the situation before April 9 when considering tariffs. Initially, Trump waved the tariff stick, but he didn't bring it down hard; instead, he gently set it down. As a result, both Bitcoin and U.S. stocks have returned to the levels they were at before the decline on February 25 due to tariffs.

So, is it the same this time? If you believe that the tariffs on Europe and Apple will not ultimately be implemented and are merely a tactic of intimidation by Trump, then I think it's reasonable to buy the dip or go long at the bottom, and I am doing just that. However, if you believe that the market will continue to react to these tariffs, then shorting makes sense.

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