The situation is changing rapidly, and the impact on the market is clearly more harmful than beneficial. Currently, this uncertainty keeps safe-haven assets like gold continuing to rise, while risk assets like BTC face a dilemma: although a short-term rebound is possible, the overall trend remains weak.

If the situation continues to worsen, breaking below the 7-figure mark for BTC is just a matter of time. But honestly, the probability of another black swan event like in October is not very high. This time, the trend might be more extreme—don't expect a rally; it could even decline directly, and even if there is a rebound, it won't change the overall downward trend. Such rebounds can only be seen as a breather within a bear market.