Bitcoin has reached 878. Yesterday, ETF outflows exceeded 400 million again, indicating that the market's sentiment towards Trump's tariffs on Europe is bearish.

Bitcoin rose to around 980 before falling back to 878, roughly a 10,000-point drop. The market is always right. I think it should go to 982, but it didn't, and it dropped directly. Thinking about Trump opening short positions, making a quick profit.

Let's also consider CZ's statement that the NYSE opening multi-chain stock tokenization is a positive for crypto and crypto exchanges. The market trend proves it's not a positive but a negative, a big negative. NYSE tokenization is inherently bearish. Imagine in the future everyone can buy stocks through wallets—how many people will buy junk clones? Data mapping of crypto exchanges, Robinhood's proxy trading, can't compete with direct NYSE trading.

Overall, Bitcoin has support around 868-885. There will be a rebound at this level, possibly reaching 920, then continuing to decline. I think the 806 level is very likely to break, and Bitcoin will head toward the 700s. Give Bitcoin some time. This morning, I saw my contracts are already in loss. Trading contracts requires stop-losses and no adding positions. If you're wrong, you'll get hit; if you're right, you'll eat the gains—that's the iron law. As for spot holdings, being trapped doesn't worry me. If it drops, I'll buy slowly.

$BTC