8.2 Viewpoint Update Since hitting the bottom of the US stock market on April 7th, I have been bullish on the US stock market and cryptocurrency circle. Yesterday, I felt a slight danger for the first time, reduced most of my positions, and released a bearish view. There are several reasons for this: BTC chooses to break down after more than ten days of consolidation 2. Microsoft/Meta opened significantly high and then fell low, while Coinbase plummeted after the market closed. This wave of rise began with a sharp drop caused by the uncertainty of the tariff war, and began to realize profits after the uncertainty was eliminated by the signing of the tariff agreement 3. The magnitude of BTC breaking new highs is getting smaller and smaller. After this wave of BTC breaking through 110000, 123000 began to retreat, and the price above 120000 on the surface is no longer attractive Opinions on the future market: 1. Currently, it will be a deep callback, and BTC 123000 may not be the highest point, but it belongs to the top range 2. ETH will be the only currency that I am firmly bullish on, and even after a pullback, it still has a high chance of breaking through 4000 or even reaching a new historical high. ETH will be a blood sucking copycat, and the SOL system will collapse 3. The cryptocurrency market has not absorbed the liquidity of the US stock market. On the contrary, the US stock market has drained the liquidity of the cryptocurrency market through ETF/cryptocurrency, and the trend of the US stock market will be much better than that of the cryptocurrency market