$FORM$At the macro level, the Trump–Xi meeting is helping the S&P 500 notch its best single day since early August and risk appetite is recovering. However, Jim Cramer once again warned that the market may be getting overheated. Morgan Stanley also released a new “top picks” list for the next 12 months, and capital is still being allocated selectively to individual stocks rather than broadly chasing higher. For BTC/crypto, IBM research highlights the “gap in AI output supervision and judgment,” which is the core narrative for on-chain governance and the AI agent economy—benefiting decentralized verification-type tokens. Meanwhile, U.S. equities’ risk-on sentiment is spilling over: BTC is currently at $85,571 (24h +5.20%) and has held above $85,000; near-term momentum looks relatively strong. Trading view: bias is long. If BTC pulls back to $83,500–$84,000, consider scaling into positions in batches. Targets are $88,000–$90,000; a break below $82,000 would be a stop-loss. As for $IBM itself, it may not get much upside just from the AI labor narrative, so don’t chase the price—keep position sizing to within 5% of total capital. Do you prefer the AI + crypto verification track, or will you continue betting on BTC as it catches up?