After the tariff war ends, how will the market perform in the short, medium, and long term? Today, Powell stated that interest rates will not decrease quickly, implying that the likelihood of rate cuts in the coming months remains low. Data shows that the number of rate cuts this year will be within two, most likely concentrated after September, depending on changes in CPI data and employment conditions. Therefore, in the short term, the Federal Reserve's impact on the market will not be significant. In the short term, the real focus should be on Trump's statements. Tariffs, social media remarks, monetary policy interventions, and tax regulations are all ways he influences the market. It's difficult for a normal person to predict his thought process in advance, so short-term trends are relatively random, making short-term trading uncomfortable for most. In the long term, the global M2 money supply reached a record high at the beginning of this year, which is the fundamental reason for Bitcoin's rise. Thus, the long-term trend should be stable and positive. Bitcoin's movements often lag behind M2 money data by about 90 days, so long-term holders should continue holding. Bitcoin now has a value-preserving effect and will continue to strengthen cyclically like gold in the future. However, its growth potential will surpass gold, and its risks will also be higher due to its liquidity characteristics. As for the intermediate fluctuations, that is the subject of our research. Bitcoin has rebounded strongly, exceeding most people's expectations, and Ethereum has done the same. The correction period for Bitcoin below 100,000 was roughly three months, which is relatively short. The turnover was not sufficient, especially for those who transferred coins to wallets, as the cleansing was not thorough. However, since this rebound is so strong and can stabilize at 100,000, the probability of reaching new highs in the future is increasing. Whether it adjusts to 90,000 before surging or goes up directly in the next one or two weeks, the former scenario would result in a higher peak, while the latter might fail to break 120,000 and fall back. Many people don't understand why the market can rise so quickly without much incremental volume. The reason is that the market size has been increasing, and the circulating tokens are becoming fewer, strengthening the purchasing power of demand. Therefore, the risk in the near term will appear after new highs, while the current period still belongs to the safe zone within speculative range. As for Ethereum and SOL, Ethereum's fundamentals haven't changed much and are still within the scope of an oversold rebound. The ETH/BTC rebound still has some room, so 3,000 remains achievable. Whether SOL can continue to rise depends on whether the on-chain PVP profit-making effect can return. Once everyone understands it, creating another super profitable token may take some time, and it's likely to be a linked market trend. Regarding #Binance BNB, it's worth mentioning that the current 600 platform was created during the last bull market in 2021 and hasn't broken through since, remaining stagnant for four years. Bitcoin has risen from 69,000 to 110,000, while BNB's price has barely changed. However, if you account for the annual "pig's foot rice" earnings everyone receives, the actual value should completely match or even exceed Bitcoin's growth rate. Therefore, its future price may continue to stabilize, resembling listed companies like Coinbase or MicroStrategy, closely following the market's overall state.