After a small outflow from the mainnet and on-chain exchanges yesterday, BTC has flowed back in today. Furthermore, USDT has also seen a significant inflow today. According to on-chain analyst Ai Yi's monitoring, Binance's net capital inflow over the past 7 days has reached $4.87 billion, and the 24-hour capital inflow has hit $2.65 billion. The market is likely to experience significant fluctuations in a short period.

Macquarie Bank warned in its latest client report that Trump's economic policies could trigger a stock market crash. Unless Trump backs down from the trade war and cuts spending (which seems unlikely at the moment), U.S. real consumer spending may slow significantly. The U.S. benchmark S&P 500 index has already fallen nearly 8% from last month's high, while the tech-heavy Nasdaq index has dropped nearly 12% from its peak in December last year. If the U.S. stock market crashes, the panic sentiment is bound to spill over into the cryptocurrency market. This needs to be monitored closely in the near term.

After telling everyone yesterday that there wouldn't be a drop, this morning's early review reminded everyone that today's market is volatile and requires cautious attention. Currently, the market changes are gradually becoming favorable for bears.

The daily chart's rebound is gradually approaching the 26-day moving average. After the MACD golden cross, there has been no sustained rally. As stated in last week's review, with such a bearish rebound on the daily chart, it's hard to expect a direct surge; it's more likely we will test the lows again.

Although there was a golden cross on the 4-hour chart and a second bullish position appeared, the price has fallen back below the moving averages. Worse still, the MACD dual lines have once again crossed below the zero axis.

The 30M chart has once again shown a second bearish position. If it continues to decline from here, it will shift the 4-hour chart from bullish to bearish. If this classification holds, around 83000 would be the best position for shorting.

From various levels, tonight to tomorrow is a test for the bulls. Maintain a short-selling mindset and patiently wait for opportunities.