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Last Monday, during the US stock market holiday, Bitcoin experienced a decline while gold hit a new all-time high. What was the trigger? The ownership dispute over Greenland sparked concerns over tariffs between Europe and the US. The US stance is firm and clear—no land cession, only increased tariffs. This standoff has boosted market participants' confidence.
The current focus is on tonight's opening. Asian markets are still relatively stable, with no obvious signs of a market crash. You can see some selling happening, but mainly short-term capital battles. The overall chip structure remains relatively healthy, without any frantic panic selling. This indicates that most people are still rational. The question is, how will Europe and the US react? This is something to watch closely tonight.
Another variable comes from the US Supreme Court. If they decide to revoke the authority related to tariffs under the IEEPA provisions, the entire situation could reverse instantly, and the panic would dissipate. But until that decision is made, risk control must keep pace—especially for exposure to risk assets, with clear contingency plans in place. This is not alarmism, but necessary caution in the face of uncertainty.