On the surface, it may seem that the cryptocurrency market's decline was triggered by the Sichuan Malaysia confrontation, but it should be noted that the turning point occurred last week: intensive positive news can no longer drive prices upwards, the internal and judicial game of the tariff war and external negotiations between countries have been delayed and repeated, which has exhausted the market, and Circle's listing expectations have been fully met. These are all signals that need to be looked for support in this situation. Due to the relatively strong fundamentals of individual stocks, the US stock market has also begun to show signs of decline (the two market turning points in February and April this year were also reflected by the US stock market). At first glance, the conflict between Sichuan and Malaysia has a direct impact on Tesla, but if it continues, it will harm the political and business relations within the US.