According to Golden Finance, on February 5, QCP Capital posted on its official channel that traditional financial markets are still digesting US economic trends and paying attention to the latest progress in the US-China high-risk tariff war. US stocks are weak, and the S&P 500 index struggles to keep the 6,000-point mark. Market volatility over the past week has caused a sharp fluctuation in the crypto market, with BTC briefly hitting $92,000 while ETH fell to $2,100. The U.S. postponed tariff measures against Mexico and Canada, which brought some relief to the crypto market, but the U.S.-China trade war is still the core risk, and the market expects the upcoming call between Trump and Xi Jinping to bring a signal of easing. In addition, the US "crypto tsar" David Sacks announced the establishment of a working group at a meeting yesterday to promote stablecoin legislation and evaluate the feasibility of establishing a strategic Bitcoin reserve (SBR). Although the short-term impact is limited, it may be beneficial to the crypto market in the long run. BTC’s resilience above $90,000 is impressive, but QCP Asia remains cautious about the geopolitical shocks that may arise from tensions between the United States and China. The market lacks clear crypto catalysts in the short term and needs to guard against downward prices, especially this Monday In the context of large-scale liquidation.