The situation of today's big cake rising against the stock market cannot be analyzed from a macro perspective, but from the distribution of chips in the market. Generally speaking, the macro impact is the long cycle and large range of ups and downs. For example, Trump cannot follow the policy line when he is relatively low-key recently. And although there has been controversy over the technology stock content and gold like stored value content of Da Bing recently, there is no reason to compare it with the US stock market and gold in a few days. On the 4th of June, due to the fact that the Big Dipper remained above 83 and did not fall along with the US stock market, everyone optimistically expressed that the Big Dipper was strong enough to break out of the independent market trend, but unexpectedly fell by 10000 points overnight and slapped their faces. Therefore, even if the trend is rising against the trend, it is likely that short-term macro narrative is temporarily absent, and Trump is still stuck in the tariff issue. At present, the liquidity in the cryptocurrency market is too low, and hot money can use small amounts of funds to break out of the independent market trend. However, after completing futures positions, they will follow the general trend and fall again. The current market trend is still rebounding or reversing, and the upper limit of 93 is basically the limit. If the short-term narrative does not change, it will be empty at 93.