Strategist's Analysis: (Issue 168)

Clearing Chart: As mentioned yesterday, the liquidation of long positions continued, and this morning it directly dropped to 91000, breaking a new low!

Everyone take a look at the bottom of the chart, there isn't much bullish liquidity left, the limit is to break through the 90000 position to wipe out the remaining bulls. This drop will perfectly conclude, and we should start moving upwards!

Bitcoin K-Line: The bottom at 91000 this morning looks very nice, the strategist believes that the drop from 102720/91000 has ended, and buying at the 91000 position has strong consensus support. Yesterday, due to President Carter's funeral, the stock market was closed for a day, and even in such a weak liquidity situation, it didn't crash down further. Currently, 91000 is the phase bottom, unless there is a bigger black swan event, the market will continue to drop.

Operational Strategy: Defend the 91000 position, and you can start buying on dips.

Bitcoin and Ethereum ETFs did not trade yesterday due to the market closure, today is Friday, the last trading day of the week, and I personally believe there won't be significant net outflows.

Some might say that the Silk Road fund's 6.5 billion isn’t going to be sold? I checked the address, and currently, every sale is happening, and now all departments have been re-elected. If they really want to sell, they have to wait for the new government to take office. The new government taking office is all positive for crypto, what are you saying about selling?

Isn't the government always saying they have 200,000 coins to sell, yet they haven't sold a single one? This 6.5 billion is illegal confiscated funds, and there is no need for compensation, it directly goes to the national treasury's strategic reserves, doesn't it?

Yesterday, the strategist said this news being released is just to intimidate you; I believe this news is a signal close to the bottom!

Summary: Previously, when it was above 100,000, the strategist always said not to act in high-end markets, and you all panicked, fearing missing the bull market!!

Now that it has dropped, the chips are so cheap that they have all been liquidated, what is there to fear?

The bull market is far from over, it’s all cheap chips, go buy the leading core projects!