Let's take a look at today's market analysis. First, we will examine Bitcoin. Today is the day when Trump's tariffs take effect, which is expected to happen around 4 AM Beijing time on the 3rd. This may lead to significant volatility.

We will first look at the current market analysis and trends. Bitcoin has formed a double bottom on the 4-hour chart, but ultimately closed at the upper level. The outlook remains bullish, and this wave of increase has allowed us to enjoy a long position that we haven't had in a while.

As mentioned yesterday, it is only possible to continue upward if it stands above 83,000 to 84,000. Currently, the price is running in the range of 85,000 to 86,000.

Currently, the upper level of 86,000 is a critical point for bulls and bears. If it breaks down, it will start to decline. Therefore, we need to pay close attention to whether it can regain this level with the negative impact of the tariffs and form new effective support. If it can stand above and form new effective support, the price will continue to rise, potentially reaching the previously mentioned range of 88,000 to 90,000.

Whether the tariffs take effect or not, the subsequent market trend is still uncertain. Currently, the 4-hour trend line shows a clear upward trend. The simplest approach is to buy on dips along this upward trend. If it breaks this trend, we can temporarily exit and observe. Once the market stabilizes, we can consider entering again.

Today, we will also analyze another coin, ACT. Yesterday, ACT plummeted by about 80% within 5 minutes. The reason is quite simple: Binance adjusted the margin leverage and positions, giving users only 3 hours to react. This led to a market-wide crash. Binance responded to this incident, stating that due to a major incident, the system would trigger a price surge. The decline was straightforward, resulting in a cascading event. For example, if someone was using 50x leverage to go long and it was reduced to 5x, they would need to increase their margin. If they did not increase their margin, the adjustment to 5x would mean their margin was insufficient, leading to a decline and triggering a cascading event.

Additionally, large holders selling off contributed to this situation. So how should we operate with coins like ACT? Many people started to buy the dip, claiming this is a technical adjustment and that it will recover later. Based on past situations, we prefer to wait until the market stabilizes. For instance, we should wait until it forms the desired pattern before considering entry. Currently, there are no signs of a bottom, and it may continue to decline.

The current situation also reflects the overall state of the cryptocurrency market, which is quite tense. For those with larger positions or higher leverage, this is indeed a significant challenge.

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