In the past few days, the entire world has seen neither good news nor bad news. BTC has quietly risen again. Even if it rises, many people may not dare to enter BTC spot trading; this is not something retail investors can play with.

Most people are dealing with contracts, such as 10U War God, 100U King, 1000U Diamond, and 10000U Glory.

From a daily chart perspective, the current upper pressure is trend pressure and neckline pressure around 97600. If it can effectively break through, it will continue to push towards 100K+.

These days, the US stock market is on holiday, and sometimes BTC does not follow the US stock market. After all, its market value is comparable to that of Apple, and a large institution and capital can influence it, but there are various forces at play. There are Wall Street players, Eastern countries, Europeans, and also those from India. Given the secrecy of blockchain, everyone can fish in troubled waters and can cut leeks through moderate control.

However, one point is that BTC is no longer a game between market makers and retail investors, but a competition between institutions and countries.

Trump said he wants to make national strategic reserves, and if that is true, then the crypto circle will see another wave of fierce competition in finance. After all, no one wants the US to dominate alone. However, some hope that Trump can succeed, like El Salvador and India. But there are still some countries that do not want Trump to succeed. After all, the US has already choked the world with oil and the dollar, and if it can do whatever it wants with digital currency, many countries will be in extreme discomfort again.

Whether it’s national reserves or other narratives, BTC is almost irrelevant to retail investors. But the only good thing is that money flowing into BTC will also spill over into altcoins. ETH should not lag behind, as it is a similar financial product to BTC. Other mainstream altcoins should also have good narratives in the future.

However, during crazy times, everyone needs to be particularly cautious; risks are hidden in moments of madness. Emotions will extend, and when indicators diverge, it’s clear that technical analysis will become distorted. The power of capital is still strong.

In fact, the entire market has already entered a state of extreme greed, and it hasn’t gone down. Market makers probably don't want it to go down at this time; either there aren’t enough retail investors, or the coin price isn’t high enough. In any case, price fluctuations have cycles, and raising prices is just to cut leeks, right?