The market volatility after Tuesday's opening was quite significant, especially for U.S. stocks, which are mainly facing two concerns: one is Trump's health condition, and the other is the ruling that U.S. tariffs are illegal. Trump's health started to become a hot topic over the weekend, with more and more people discussing it. Today, Trump gave a speech addressing the health issue. Whether there’s really a problem, most people probably don’t know—same as with Biden during the last election. At least Trump showed up today, which reduced some of the doubts. Judging by his speech, it was quite fluent—no obvious logical errors, no stumbling, and even his signature facial expressions were on point. So, from the moment Trump appeared to the end of his speech, U.S. stocks began to rebound. Even if he’s putting on an act, Trump did a pretty good job this time. The tariff issue is indeed more troublesome. I already highlighted tariffs in the weekly report earlier, so I won’t go into too much detail here. Currently, Trump’s team is seeking to appeal to the Supreme Court, with a one-month deadline. If the tariff case fails, it might slightly ease inflation but would deal a significant blow to Trump’s personal credibility and support. Industries supported by Trump would also be heavily impacted—for example, cryptocurrencies and BTC might face collateral damage. Right now, Trump is leveraging the U.S. economy to rally support for himself. It’s a bit shameless, but undeniably effective. Looking at Bitcoin’s data, the increase in turnover after the holiday is completely normal. However, BTC’s price started to rise in the afternoon. Despite some fluctuations, the overall trend looks good, especially since BTC maintained a healthy trajectory even when U.S. stocks dropped due to the aforementioned reasons. Whether this momentum can continue remains to be seen. As for support levels, as mentioned before, they’re very stable. It’s likely that BTC’s weekend volatility has already absorbed the market’s bearish sentiment. Without new, clear negative factors, the pressure on the two support levels isn’t significant. Starting Wednesday, labor market data will gradually be released, which might slowly impact the market again. Sponsored by Bitget ｜ @Bitget_zh