On April 2nd, U.S. time, which is April 3rd, Beijing time, tariffs will begin to be implemented, meaning the bad news is fully priced in and good news will start. Before that, there will be a wave of sharp downward movements to induce short positions. In fact, in these two days before the short squeeze, there will be a small rebound to stabilize prices. We will need to see the U.S. stock index futures on Monday for more clarity.

Currently, several reference points:

1. C2C prices have slightly increased, indicating that funds are entering the market and there is a sentiment of bottom fishing.

2. The price of USDC/USDT has started to decline.

3. XRP shows signs of stabilizing.

Although there will be a rebound in the next couple of days, it still feels somewhat lacking. The choice of XRP as a reference point instead of other coins is because in the last round of increases, XRP reacted the quickest and rose the fastest, while also being the first to stagnate and start consolidating downwards. Additionally, the current ETH has no reference value and resembles a bomb that could explode at any moment.

For aggressive traders, it's best to enter in these two days, and for conservative traders, it's advisable to wait a couple more days. Personally, I will wait another two days before trading.