These past two days of work have indeed been difficult to write. The first three days were positive, with US stocks rising and $BTC falling. Today, positive and negative factors are intertwined. US stocks have shifted from declining to rising, but Bitcoin has not yet returned to $105,000. As recently discussed, the rise is not due to strong purchasing power, but because of low selling pressure. Once negative factors emerge, increased selling intensity occurs, and without improved purchasing power, the situation remains as it is. Today's positive news is that Trump's media group has officially signed a $2.32 billion agreement to establish a Bitcoin reserve. The company behind the US president announced that it has completed a private placement with 50 institutional investors. Additionally, the agreement was reached by selling over 55 million shares at an average price of $25.72 and issuing senior secured notes with a principal amount of $1 billion maturing in 2028. The negative factor is the escalating trade dispute between the US and China. The tariff issue was already troublesome, and now sanctions surrounding chips and tech companies are intensifying. The previously decent PCE data and the rare improvement in University of Michigan data have been impacted, and we hope nothing unexpected happens over the weekend. Looking at Bitcoin's data, today's turnover rate has significantly increased, mainly due to more obvious market battles between bulls and bears. Especially after $BTC's consecutive days of decline, some investors have become worried about the future. A clear sign of losses has led to many investors exiting. However, the support between $93,000 and $98,000 remains strong. Even with price fluctuations, investors in this range have not massively exited. As long as these investors do not panic, the problem is not significant. From the US stock perspective, the market has gradually shifted from declining to rising before closing. The market is slowly digesting the negative US-China information. The weekend will reveal if any new situations emerge, and then we'll wait for Monday's stock market opening to see if investor sentiment improves. This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX