With the arrival of August, the Crypto Assets market is showing a positive trend, but investors still need to be cautious of potential risks. Recently, a series of significant events have drawn market attention.

First, there are reports that Trump will sign an executive order allowing 401(k) pension funds to invest in Crypto Assets, which could bring new inflows of funds to the digital asset market.

Secondly, a new "reciprocal tariff" policy officially took effect on August 7. This policy involves nearly 70 countries and is considered one of the broadest punitive tariffs in U.S. history. The tax rates vary by country, with the European Union, Japan, and South Korea around 15%, the United Kingdom at 10%, while Brazil is as high as 50%, Canada 35%, India 25%, and Switzerland reaching 39%. It is worth noting that India may implement even higher rates in the future.

Interestingly, the formal implementation of the tariff policy in July, which was already anticipated, did not trigger a decline in risk assets. Combined with the pension policy set to be announced on Thursday, this could be a carefully orchestrated plan aimed at balancing the negative impacts of the tariffs. This seems to confirm the previous viewpoint: U.S. authorities do not wish for the stock market to fall.

Currently, the U.S. stock market is generally rising, showing a "the boot has dropped, and the bad news is all out" trend. However, investors still need to be cautious of potential retaliatory tariff measures that other countries may adopt, which could escalate into a trade war. Therefore, it is not advisable to excessively chase rising prices or sell on declines.

In the Crypto Assets market, Bitcoin has broken through the upper boundary of the downward channel, essentially confirming the support level of $11,200. This technical breakout has injected new confidence into the market.

Overall, the outlook for the crypto assets market in August is optimistic, but the uncertainty of the global trade situation still needs to be closely followed. Investors should seize opportunities while maintaining a cautious attitude and做好风险管理.