Here is the English translation, with the specified terms preserved: Although the White House Crypto Summit and Bitcoin Reserve news did not meet market expectations, the current macroeconomic uncertainty is still the main reason for the recent market crash. Author: The DeFi Investor Compiled by: Felix, PANews Currently, almost every token has experienced weeks of decline. If you have lost a lot of money recently, my personal advice is to pause trading, develop a new plan, and do everything possible to avoid revenge trading. The current goal is to survive and retain the remaining capital. As long as you haven't lost everything and continue to stay on the "gambling table", the opportunity will come again. Why is the market continuing to decline? In my opinion, there are two main reasons: 1. There is a lot of macroeconomic uncertainty: the stock market has also been crashing, and cryptocurrencies have always been closely related to the stock market. Although it may sound crazy, these uncertainties are likely to be deliberately created by the US government. Why? Because Trump wants to force the Fed chairman to cut interest rates. The Trump administration has repeatedly threatened to impose tariffs and then made changes at the last minute, creating a lot of panic in the market. The Trump administration is destroying the market in this way and putting pressure on Fed Chairman Jerome Powell to cut interest rates, because when the market conditions are bad, Powell is more likely to cut interest rates. Unfortunately, unless the Trump administration stops creating panic, or Powell agrees to cut interest rates, the financial markets will continue to suffer. Cryptocurrencies, which are seen as a high-risk asset class, have been hit the hardest by this news. 2. The White House's first Crypto Summit and the national Bitcoin reserve did not have the expected "hype" effect. (Don't get me wrong, the establishment of a national Bitcoin reserve still has a huge impact in the long run) This positive news has already been digested by the market, as Trump's first statement that the United States currently holds Bitcoin will be stored in the national reserve was an event that happened a long time ago. However, many people expected Trump to also announce a specific strategy, where the US government would gradually increase its Bitcoin holdings over time. But such strategic measures have not been released, and the Trump administration has only stated that it will not sell the Bitcoin it has already confiscated. This is why the launch of the US Bitcoin reserve ultimately became a sell-off event. Nevertheless, the current macroeconomic uncertainty is still the main reason for the recent market crash. When to buy the dips? Before aggressively buying the dips, I hope to see the following scenarios occur (this is not investment advice): 1. The Fed cuts interest rates - Historically, interest rate cuts have been good news for the financial markets, and the Trump administration may also stop creating so much market uncertainty after everything settles. 2. A new major crypto catalyst is about to arrive - The biggest rebound in this cycle was driven by two important past events: the launch of the spot Bitcoin ETF and Trump's election victory. 3. Even in the face of bad news, BTC and Altcoins show strength - This will indicate that the sellers' tokens are about to be exhausted. Before that, I would rather use idle funds for yield mining and airdrop farming. The market has been "bleeding" for weeks, and it is wise to wait for signs of market recovery before buying. I am very confident in the "comeback" of the crypto market. If the collapse of FTX, Three Arrows Capital, and Terra Luna is not enough to destroy cryptocurrencies, what else could? Sometimes taking high risks is reasonable, but sometimes the best approach is to wait patiently and protect the hard-earned money.