Orange Evening Interpretation 3.24 The market was good at the weekend. The big cake trotted all the way from 8w4 to 8w7. The last big cake 8w7 was after the FOMC meeting on Thursday, but it was smashed down quickly. It should be that many people could not stand the huge uncertainty Trump brought to the market and did not want to take risks. However, this weekend, it bounced back to 8w7, which was equivalent to a complete change of hands in the market This is a good thing. It is equivalent to purifying the market. Those who still remain in the currency market have lofty ideals, so short-term selling is much smaller than before. If several macro events this week did not appear too bad, such as PCE rebounded beyond expectations, or Trump took another big tariff hammer, then I think it is possible to go to the 9w this week. Of course, the good trend over the weekend is also related to Trump's symbolic rescue of the market. Both the US stock market and the currency market have fallen sharply in recent weeks, leading to Trump being scolded to death. So Trump had to tell the media on Friday that the tariff parity will be flexible, will be highly targeted, avoid comprehensive tariffs, and did not plan to publish tariffs on specific industries at the same time. In translation, it is a matter of Wang's words that I understand how much to add, which is equivalent to easing everyone's anxiety about the tariff parity on April 2 in a disguised way. Previously, Wall Street generally believed that Trump was crazy, not taking tariffs as a means, but taking tariffs as a target. This statement should be counted as It is a rumor refutation, telling Wall Street that Trump is still rational and has not completely abandoned the market, so this is a comfort to many institutions. At the weekend, the founder of bitmex, Xiao Hei, came out to predict the market again. The expectation of the pie would fall to 7.7w. This time, his prediction changed again. He said that he would bet that Bitcoin would hit the price of 110000 dollars first, and then would backtest the level of 76500 dollars. This means that there was another attack before the bottom was reached. His reason was that the Federal Reserve was shifting from quantitative tightening (QT) to quantitative easing (QE) to support the U.S. treasury bond bond market. The tariff issue would not have a substantial impact, because inflation was only "temporary" - this was the information he got from the Federal Reserve Chairman Powell. Today, I saw an interview with Dr. Shao Qing by Meng Yan. Shao Qing is an expert who studies the policy of the encryption digital asset industry. From his perspective, Trump's new encryption policy is intended to provide a new channel for billions of people around the world to "subscribe to the United States", that is, use the stable dollar to buy American assets on the chain, so as to hedge the threat to the international status of the United States dollar caused by the hollowing out of American industry and high debt, and win time for the hegemony of the United States dollar and the revival of American industry. If this perspective is correct, then during the four years of Trump, The RWA sector will see explosive growth. After all, RWA is the bridge for subscribing to the United States on the global chain. BlackRock has previously achieved the scale of BUIDL to 1 billion dollars. Recently, Fidelity has also started to launch RWA US treasury token fund. Next, with the support of Trump's policy, more physical assets in the United States may be put on the chain through RWA, and even many start-ups can be packaged on the chain for global purchase or investment. This will not only achieve strong dollar domination, but also start a wave of ICO boom on the RWA chain. This scale must be far larger than the bull market of ICO in 2017, and the RWA track in the whole process must be the most profitable, so In 2025, we will focus on the RWA sector, and link ondo $om algo mkr needs to be focused.