At the beginning, announcing a benchmark tariff of 10% was in line with or even slightly beyond expectations. BTC rose to 88000 yuan on the spot, and then the conversation turned to presenting a list of equivalent tariffs. The bearish sentiment intensified and fell back to 82000 yuan. However, fortunately, there was no panic or stampede caused by the heavy impact on expectations for the time being. The Asian market usually responds at 9-10 am in the morning to see how much movement there will be today. Alas, Q2 is starting with a collapse, and many friends think that there may be speculation about the June interest rate cut in the future. If the negative tariff sentiment in April is completely digested and the speculation about the June interest rate cut is intensified, will there be a small peak in May?