Satoshi Action Fund founder Dennis Porter said: He received calls from five different countries consulting him about their Bitcoin strategic reserves, hoping Dennis Porter would draft regulations to establish strategic Bitcoin reserves. Isn't this great, classmates? No matter which country gets involved in Bitcoin reserves, it's a big positive. Just like El Salvador and Bhutan, despite being small countries, they had the foresight to start accumulating Bitcoin long ago. While they are enjoying meat, you're just thinking about sipping soup. 😃 Currently, there is another sovereign nation actively acquiring Bitcoin and has already squeezed into the top five Bitcoin holders. Can anyone guess which country it is?
🥔 Market insights on the afternoon of the 12th. 🥔
$BTC 's viewpoint:
The major coin broke through with volume at 96312, closing above the 12-hour level, so we should chase long on the right side and recover stop losses.
The major coin pulled back to 95568, a false breakdown; if it recovers, one more hand can be added. If there is no recovery action from the false breakdown, don’t go long. The low point of the false breakdown is the stop loss.
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If 95568 breaks down with volume, chase short on the right side, and recover the stop loss.
The neck line position at 96398 must be broken and stabilized to challenge higher levels; pay attention to changes in trading volume.
Conservative players should wait for 94665 to give a light position to add one more hand, with a stop loss below 94000. Trading that can't go up or down is a bit uncomfortable.
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Above the major coin, watch for a 2b false breakout at 98323, where you can short one hand; if it breaks and stabilizes at 98700, that’s the stop loss. Don't fight the trend.
Resistance above: 96418-97042-97661
Support below: 95475-94893-94151
The major coin is forming a triangle convergence at the hourly level, so be patient and wait for direction.
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$ETH 's thoughts:
The second coin broke through 3659 with volume, so chase long on the right side and recover stop losses.
The second coin pulled back to 3616 to confirm effective support; one more hand can be added, but stop loss if it breaks.
If 3616 breaks down directly, chase short on the right side and recover stop losses.
Above the second coin, watch for 3718 to give a small position short to test the waters; if it breaks 3750, you must stop loss, don’t hesitate or hold the position.
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Left side order: Directly long at 3536, stop loss below 3500.
For the second coin to continue surging, it must break 3684; otherwise, it’s pointless.
Resistance above: 3684-3719-3766
Support below: 3611-3571-3530
The second coin is purely dragging down the major coin; otherwise, it wouldn't have dropped.