There is a significant signal in the recent market worth paying attention to—The United States may adjust its tariff strategy, shifting from trade defense to economic stimulation. Analysts point out that if this move is truly implemented, the goal is to drive economic growth beyond 3% through tariff reductions and tax rebate policies.

The logical chain behind this has a huge impact on the crypto market. First is the macroeconomic improvement: rising expectations for economic growth imply easing inflation pressures, and the Federal Reserve's rate hike cycle may accelerate and peak. Once market expectations for liquidity improve, high-risk asset classes will experience valuation recovery. Bitcoin and Ethereum, as more volatile investment assets, are always most sensitive to such macro shifts.

From on-chain data, signals are already accumulating. In recent weeks, Bitcoin holdings on exchanges have been continuously decreasing, large addresses have been actively increasing their holdings, and the liquidity of stablecoins is also rebounding—these all indicate market participants are quietly positioning. The synchronization of macro policy signals and on-chain behavior often foreshadows a market shift.

Of course, risk factors must also be acknowledged. Geopolitical changes and uncertainties in policy implementation could disrupt the rhythm. But from a probabilistic perspective, the current positive signals carry greater weight.

In terms of trading strategy, a prudent approach is to gradually build spot positions, focusing on the performance of mainstream coins, especially whether Bitcoin can stabilize above previous highs. If you already hold positions, avoid overtrading; patience and holding often yield the best returns in such market conditions. Investors with no positions can consider entering in batches, using time to gain space. The key is to have a clear understanding of risks and proper position management.