市場不想現在上升。只是害怕上升。它正在等待新聞。

市場不想現在上升。只是害怕上升。它正在等待新聞 - 無論是數據還是要查看特朗普接下來會做什麼。在過去的24小時中，

The market still doesn't want to rise, it's just afraid to rise. Everyone is waiting for news—either data or to see what Trump will do next.

市場仍然不想上升，只是害怕上升。每個人都在等待新聞 - 無論是數據還是要查看特朗普接下來會做什麼。

In the past 24 hours, nearly 120,000 cryptocurrency investors have been liquidated.

在過去的24小時內，已清算了將近120,000個加密貨幣投資者。

Trump backed off this Wednesday, suddenly pausing some tariffs and even easing restrictions on products like phones and computers. This move seems like ‘first making harsh statements, realizing the market can't take it, and then quickly hitting the brakes.’ Many say he is ‘seeking benefits for allies and manipulating the market,’ but I personally don't buy it. The U.S. stock market is so large that it can't be easily ‘manipulated’ by a few fluctuations; it's more likely he's been cornered by the bond market.The tariff policy has turned 180 degrees, and cryptocurrency has responded by rising. Earlier today, Bitcoin broke through $86,000, having previously dipped to $75,000, while Ethereum rose over 5%.BitcoinThe price of BTC has rebounded to above $85,000, showing signs of market stabilization, with an initial three-week reversal forming. However, the strength of the reversal appears insufficient, and the market may oscillate at this position for a while. During this phase, trading strategies should be more cautious, focusing on capturing major trends (the body of the fish) and avoiding involvement in the early (the head of the fish) and late (the tail of the fish) stages of oscillation.

特朗普本週三退縮，突然停止了一些關稅，甚至放鬆了對手機和計算機等產品的限制。這一舉動似乎是“首先發表嚴厲的陳述，意識到市場不能接受，然後迅速撞到剎車。”許多人說，他正在為盟友尋求利益並操縱市場，但我個人不購買。美國股票市場如此之大，以至於很容易通過一些波動來“操縱”。他更有可能被債券市場所困擾。關稅政策已經達到180度，加密貨幣的反應也有所增加。今天早些時候，比特幣損失了86,000美元，此前降至75,000美元，而以太坊上漲了5％以上。 BITCOINTHBTC的價格已反彈至85,000美元以上，顯示了市場穩定的跡象，最初的三週反向逆轉形成。但是，逆轉的強度似乎不足，市場可能會在該位置振盪一段時間。在此階段，交易策略應更加謹慎，專注於捕獲主要趨勢（魚的身體），並避免參與早期（魚的頭）和晚期（魚的尾巴）振盪階段。

EthereumETH's return to 1600 has eased the market conditions for altcoins to some extent. Its extreme fluctuations may also drive the rise of other altcoins, which can be considered a short-term indicator. The market will only get better in the future.

以太坊的重返1600年在某種程度上緩解了Altcoins的市場條件。它的極端波動也可能驅動其他山寨幣的興起，這可以被視為短期指標。市場只會在將來變得更好。

Today, most altcoins have risen, with Solana's native token leading the market. SOL has increased by about 6%, currently priced close to $125, having previously fallen to double digits earlier this week.

如今，大多數Altcoins已經上升，Solana的原住民令牌領先市場。 SOL已增長了約6％，目前的價格接近125美元，此前本週早些時候跌至兩位數。

XRP is well above the coveted $2 support level, Dogecoin rose by 3.5%, and TRX increased by $0.25. In contrast, TON and HBAR have seen slight declines.

XRP遠高於令人垂涎的2美元支持水平，Dogecoin上升了3.5％，TRX增加了0.25美元。相比之下，噸和HBAR略有下降。

PI has had the largest increase among the top 50 altcoins, surging 12%, trading at over $0.65. Close behind is ONYX, with a 6% rise. The total market capitalization of cryptocurrencies increased by over $50 billion overnight, reaching $2.745 trillion.

PI在前50個山寨幣中的增長最大，增長了12％，交易價格超過0.65美元。緊隨其後的是Onyx，增長了6％。一夜之間，加密貨幣的總市值增加了500億美元，達到2.745萬億美元。

Altcoins currently still face liquidity challenges, but the buying frenzy hasn't diminished for two reasons.

AltCoins目前仍面臨流動性挑戰，但購買Frenzy並沒有下降，原因有兩個。

Firstly, Bitcoin's price is high, and ordinary people have limited funds, and they believe its appreciation potential is limited.

首先，比特幣的價格很高，普通百姓的資金有限，他們認為其欣賞潛力有限。

Secondly, altcoins have previously experienced explosive growth, and now they generally have fallen by 80%, which is seen as a good opportunity to buy the dip, with the expectation of 5-10 times appreciation when the peak season arrives.

其次，AltCoins以前已經經歷了爆炸性的增長，現在它們通常下降了80％，這是購買浸入的好機會，當高峰季節到來時，預計升值的5-10倍。

Despite the turbulent altcoin market over the past four months, which has trapped many investors, we should still maintain hope. Idle funds are of no use, and although altcoins have seen significant declines, spot investments are unlikely to go to zero. This predicament is temporary; perseverance may eventually bring gains.

儘管過去四個月中有動蕩的Altcoin市場，但仍吸引了許多投資者，但我們仍然應該保持希望。閒置的資金無用，儘管AltCoins的降低幅度很大，但現貨投資不太可能歸零。這種困境是暫時的。毅力最終可能帶來收益。

Market sentiments are fluctuating, with everyone betting whether Trump's tariffs will eventually serve as negotiation leverage or genuine sanctions. The key time point is the GDP data at the end of the month; if it truly is -2.8%, then the Federal Reserve will have a headache, and only then might the market genuinely find a new direction.

市場情緒正在波動，每個人都押注特朗普的關稅最終將作為談判槓桿或真正的製裁。關鍵時間點是本月底的GDP數據；如果確實是-2.8％，那麼美聯儲將頭疼，只有這樣，市場才能真正找到一個新的方向。