The stance from the Chinese side feels pretty much in line with yesterday's expectations, without any significant escalation in the trade dispute. Although $BTC experienced a slight dip, Nasdaq futures and S&P futures are performing quite well, indicating that investors still have high expectations for the current U.S.-China tariff situation being TACO. Especially since yesterday, two Fed officials hinted at a more dovish approach moving forward, and Powell explicitly expressed expectations to stop balance sheet reduction, which are all positive signals for risk markets. Sponsored by Bitget ｜ @Bitget_zh