Today's financial market situation can be described as universally cold and hot. Whether it's the "taking medicine" meme or the "golden pit", participants in the stock market and crypto world are witnessing the onset of a chaotic era that has already begun.

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The Federal Reserve hesitates to cut interest rates, and the market speculates that it has lost its ability to provide a "safety net." Meanwhile, Trump is tearing apart market confidence with tariff negotiations, exacerbating external uncertainties. At the same time, the crypto market continues to decline under the dual pressure of technical and emotional factors, with several key support levels in jeopardy. This article explores multiple dimensions of macro factors, policies, market data, and technical analysis.