市场不想现在上升。只是害怕上升。它正在等待新闻。

市场不想现在上升。只是害怕上升。它正在等待新闻 - 无论是数据还是要查看特朗普接下来会做什么。在过去的24小时中，

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.

市场仍然不想上升，只是害怕上升。每个人都在等待新闻 - 无论是数据还是要查看特朗普接下来会做什么。

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

在过去的24小时内，已清算了将近120,000个加密货币投资者。

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.

特朗普本周三退缩，突然停止了一些关税，甚至放松了对手机和计算机等产品的限制。这一举动似乎是“首先发表严厉的陈述，意识到市场不能接受，然后迅速撞到刹车。”许多人说，他正在为盟友寻求利益并操纵市场，但我个人不购买。美国股票市场如此之大，以至于很容易通过一些波动来“操纵”。他更有可能被债券市场所困扰。关税政策已经达到180度，加密货币的反应也有所增加。今天早些时候，比特币损失了86,000美元，此前降至75,000美元，而以太坊上涨了5％以上。BITCOINTHBTC的价格已反弹至85,000美元以上，显示了市场稳定的迹象，最初的三周反向逆转形成。但是，逆转的强度似乎不足，市场可能会在该位置振荡一段时间。在此阶段，交易策略应更加谨慎，专注于捕获主要趋势（鱼的身体），并避免参与早期（鱼的头）和晚期（鱼的尾巴）振荡阶段。

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年在某种程度上缓解了Altcoins的市场条件。它的极端波动也可能驱动其他山寨币的兴起，这可以被视为短期指标。市场只会在将来变得更好。

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，大多数Altcoins已经上升，Solana的原住民令牌领先市场。 SOL已增长了约6％，目前的价格接近125美元，此前本周早些时候跌至两位数。

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远高于令人垂涎的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，吨和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个山寨币中的增长最大，增长了12％，交易价格超过0.65美元。紧随其后的是Onyx，增长了6％。一夜之间，加密货币的总市值增加了500亿美元，达到2.745万亿美元。

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

AltCoins目前仍面临流动性挑战，但购买Frenzy并没有下降，原因有两个。

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

首先，比特币的价格很高，普通百姓的资金有限，他们认为其欣赏潜力有限。

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以前已经经历了爆炸性的增长，现在它们通常下降了80％，这是购买浸入的好机会，当高峰季节到来时，预计升值的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.

尽管过去四个月中有动荡的Altcoin市场，但仍吸引了许多投资者，但我们仍然应该保持希望。闲置的资金无用，尽管AltCoins的降低幅度很大，但现货投资不太可能归零。这种困境是暂时的。毅力最终可能带来收益。

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.

市场情绪正在波动，每个人都押注特朗普的关税最终将作为谈判杠杆或真正的制裁。关键时间点是本月底的GDP数据；如果确实是-2.8％，那么美联储将头疼，只有这样，市场才能真正找到一个新的方向。