Recently it's a bit late. We were talking about the drop in the US stock market the day before yesterday due to the earnings season. As expected, after the release of the earnings sentiment, the US stock market began to return to the main trend. As for #BTC, we have been emphasizing that the current narrative is the #Bitcoin consensus conference. In more detail, it is the expectation of Trump's speech. Whether he will really consider BTC as a strategic reserve is one thing. As long as Trump speaks, it is already a positive for BTC.

Looking at the data, there is still nothing new. Early investors have not changed much and are still maintaining a wait-and-see attitude. The ones with higher turnover are the short-term investors who started bottom fishing yesterday. We also mentioned this issue yesterday. Many friends just chase after gains and cut losses. In fact, investment also requires some logic. Frequent short-term trading reduces the margin of error and increases risk for the vast majority of people.

The chip-intensive area from $64,000 to $69,000 has become more stable. Although it is currently built up by short-term investors, with the continued buying by US spot ETF investors, it will also increase opportunities for long-term holding. So, if there is not too much risk or a black swan event, this support level is still quite stable. You can see that there are fewer people criticizing me in the past few days.

Trump's speech will be at 3 am Beijing time on Sunday. You can pay attention to it, especially for short-term traders. Although I have said that if he dares to say that becoming the US president will make BTC a strategic reserve, I will increase my BTC position. But for many short-term traders, this should be the best short-term opportunity.

Tomorrow is the weekend, the sentiment is good now, and there is also the positive expectation of the speech on the weekend. Coupled with the lack of liquidity, the volatility may increase, especially if he really says it, there might be FOMO. Contract traders should be careful.

The data has been updated, link: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This post is sponsored by @ApeXProtocolCN | Dex With ApeX

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