Two major events today have had quite an impact on the market. First, there’s finally a possibility that the war between Russia and Ukraine might come to an end. We’ve analyzed before that once this war ends, it will greatly help reduce inflation in the U.S. Let’s hope it really stops. Secondly, there’s the relationship between China and the U.S., and the biggest issue here lies with Trump. Trump’s unpredictability is truly terrifying. Earlier, he said he had arranged a meeting with Xi Jinping, but then in the middle of the night, he claimed there was no need for the meeting and even increased hostility toward China. The Nasdaq, which was just 20 points away from breaking its all-time high, ended up falling instead. The market is once again worried that Trump’s remarks might escalate tensions between China and the U.S., thereby affecting inflation. Of course, while there are still unfavorable factors in the market, investors have given their answer with their money. This week, there was a net inflow of $10.4 billion into tech stocks, compared to $9.2 billion last week. Over the past two weeks, nearly $20 billion has flowed into tech stocks, marking the largest two-week net inflow in history. This also makes it the fourth consecutive week of significant capital inflows into tech stocks. We’ve previously spent a lot of time discussing the relationship between tech stocks and BTC. It seems this wave isn’t over yet, and the money from users is the most solid and genuine buying force. As long as tech stocks and AI remain stable, Bitcoin won’t perform too poorly. Looking at Bitcoin’s data, Tuesday’s turnover rate was actually lower than Monday’s, which indicates that investors aren’t in a panic. The main sellers are still those who bought the dip last week, while long-term investors haven’t reacted much. Next week is October’s interest rate meeting, and for now, the probability of a rate cut seems quite high. However, inflation appears to be trending upward, and this increase is largely due to tariffs. The chip structure remains very stable, with no signs of collapse. The support level between $104,500 and $111,000 is also very solid. Unless systemic risks emerge, at the very least, we can expect a consolidation trend. Sponsored by Bitget ｜ @Bitget_zh