It's too difficult. I have to submit my homework at 5am. Three hours later, I have to leave for the airport and take a five hour flight. Then, less than 20 hours later, I have to take another five hour flight, and four hours later, I will take another four hour flight. After seeing off the chipmunks at the airport and boarding the plane, I can go home. After sleeping at home, I have to go to the airport again before it ends. I have to cross four countries (cities) within 48 hours just to do an interview. To be honest, I am quite determined, especially for a purely voluntary visit, because I think it is a very interesting thing. Of course, many of my friends are asking me about the reason for the decline in the US stock market, and it is never due to cryptocurrency. Unfortunately, I have been searching for information for several hours and have not found a 100% match. However, I have found the timing. Although the US stock market started to decline after the opening, in fact, according to S&P futures, it started to decline from 22:20 Beijing time. That is to say, if the US stock market only starts to decline 10 minutes before the opening, and before that, there is still a slight upward trend, there are basically two possibilities. The first is the simplest, which is that there are a large number of investors or institutions preparing to sell before the opening. It is difficult to determine the real reason for this, after all, there have been many things happening all day. The other possibility is that the news that appeared around 22:20 led to panic selling among investors. So I went to see what happened during this period. From the publicly disclosed events, there are also two key points. One is that Russia conditionally agrees that the United States will use frozen Russian funds to rebuild Ukraine, but the reconstruction must be in the Ukraine region currently controlled by Russia. The second is that Trump will intensify the tariff war, and the latter seems more likely. But for whatever reason, it is true that cryptocurrencies have also suffered along with it. In fact, today's mood is good, especially as the SEC prepares to lift the lawsuit against Coinbase, which not only makes Coin rise, but also allows SOL and ADA, two tokens, to better face the application of spot ETFs. Especially after the news came out, Franklin Templeton also announced the application of SOL spot ETF. But everyone knows what happened afterwards. The decline in the US stock market itself made investors less optimistic, and the withdrawal wave caused by Bybit's theft once again hit investors' confidence. Until the US stock market closed, investors' emotions did not recover. Originally, when I finished dinner, I thought that although I would be physically tired on the weekend, I could relax mentally. However, my body and mind were still highly tense, afraid that something might happen on the weekend. And most of the time, I was still on the plane and couldn't do anything. Looking back at the data of Bitcoin itself, it is much better than many people imagine, and there has been no widespread panic. Moreover, the turnover rate has actually decreased, which confirms what we previously said that low prices are becoming increasingly difficult for investors to give up their chips. This statement, which I have been saying since $60000, still applies. The investors who have changed hands frequently are still short-term bottom traders, especially those who quickly sell their chips during the decline, while earlier investors still remain cautious. The support level is still quite good, with support from $93000 to $98000 still very strong. There is no possibility of large-scale risks at the moment, but tomorrow is the weekend, and liquidity is too low over the weekend. If the mood is not good, it is very likely that a small amount of chips can create a big hole. I hope it will not happen. Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex