Although there was a decline during the daytime yesterday, Bitcoin still rebounded after the US stock market rose in the evening. Of course, the strength of this rebound is very weak, mainly due to liquidity and investor sentiment, which has led to a very pessimistic outlook in the cryptocurrency market. However, there is indeed a correlation between cryptocurrencies and the US stock market; as long as the US stocks rise, Bitcoin at least won't perform too poorly. Especially in the past two days, the decline is mainly related to US tariffs and geopolitical conflicts. Although these issues haven't been resolved yet, the market has started to gradually adjust its expectations. The most important event to watch today is Iran purchasing CM-302 supersonic cruise missiles from China, which have the capability to destroy US aircraft carriers. This is also another report of Iran buying weapons, following yesterday's news of Iran purchasing missiles from Russia, particularly from China. Currently, the main factors causing market volatility are tariffs and geopolitical conflicts. The stock market decline is adding to President Trump’s troubles, especially with the midterm elections coming at the end of the year. I personally think there isn't much time left for Trump to tinker.