#比特币2025大会# The tariff black swan has not dissipated, the Bitcoin conference may become the "sickle conference"!

Is it a bullish expectation or a harvesting trap?
On May 27, the highly anticipated Bitcoin conference is about to kick off. This situation inevitably reminds one of the lesson from last July - just three days after the conference ended, Bitcoin entered a crash mode. Now, the dual pressure of tariff black swans and the annual event adds a touch of peril to the market.
It is worth noting that this conference coincides with the policy's negative impact, creating a "temporal resonance," and the main players are likely to take advantage of positive expectations to implement selling operations.
In the coin circle, consensus often hides risks - when everyone expects the conference to bring a bullish market, the scythe of reverse harvesting has long revealed its cold light.
Observing the current market, a strange picture is unfolding: on the one hand, MEME coins such as PEPE and DOGE continue to fall, and on the other hand, mainstream copycats such as ETH and SOL are showing signs of capital support. This split trend exposes the true intention of the big money - neither willing to give up the layout opportunity, but also dare not bet on heavy positions. To put it bluntly, institutions are waiting for two key turning points: either Europe suddenly announces the removal of tariffs and retaliates to inject a shot in the arm for the market; Either Bitcoin violently breaches the 110,000 mark, creating a technical bull signal. Until these two signals appear, any dipping is like dancing in a minefield, and the risk is extremely high.
Trump's tariff bomb has already torn the first crack in the market, and the "super powder keg" of the Bitcoin conference is just around the corner. While the trend is still unclear, surviving is more important than making money. Bull markets never lack opportunities; the real showdown between bulls and bears may not truly begin until June...