If the Russia-Ukraine conflict can be resolved before the second quarter, there is a great probability that American inflation will decline and investors will increase their risk appetite. After Trump's speech yesterday, the dollar has been falling, almost falling below 107. In addition, Trump also publicly said that interest rates would fall, which should be an agreement with the Federal Reserve. The increase of tariffs (inflation increase) can be hedged against the layoffs of DOGE (unemployment rate rises from the beginning), the decline of energy prices (inflation decreases), the end of the Russia-Ukraine conflict (inflation decreases), and the increase of tariffs can also reduce the fiscal deficit, so in general, it will not be too uncomfortable. Moreover, for the cryptocurrency industry, the TGA will indeed release a certain amount of liquidity. In February, March and April, although the table is still shrinking, there is still an opportunity to speculate about additional interest rate cuts and the end of the Russia-Ukraine conflict. The release of the TGA itself is a test of the table shrinking and investment preferences. If the dot matrix chart in March can release more than two interest rate cuts, the second quarter can still be expected. Of course, I am still most optimistic about the first quarter, even though it is already halfway through. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex