Bitcoin's recent trend has indeed come under pressure. Looking back at this decline, it is mainly due to macroeconomic disruptions—Trump's comments on European tariffs over the weekend directly triggered turbulence in European stocks, and this risk sentiment spread to the crypto market. Coincidentally, the US stock market was closed on Monday, and the crypto market simultaneously fell into a low liquidity predicament, where even the slightest disturbance could be amplified. To be honest, such volatility is quite normal. From a technical perspective, the 4-hour moving averages had already issued warnings, and this decline just confirmed these signals. Recently, attention should be paid to when liquidity will be restored and the subsequent macroeconomic developments.