Observation of Bitcoin and US Stock Trends on January 16

US stock indices continue to rise, but this rally is actually quite tangled — there are too many macro-level uncertainties, so overall, a cautious optimism attitude is maintained, and the gains are tightly restrained.

Here's an interesting phenomenon: many people habitually blame negative news for the decline in risk markets, but in reality, the true "killer" is not these. Uncertainty is the biggest enemy of risk markets. Once the market is shrouded in uncertainty, the overall sentiment quickly shifts from optimism to excessive caution, liquidity begins to shrink, and it can easily fall into a negative feedback loop.

This week, the performance of US stocks and BTC is still worth paying attention to — both are seeking direction in this atmosphere of uncertainty.