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Breaking news: $40 trillion in funds enter Bitcoin!
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Today, Steven Fulop, the mayor of Jersey City, New Jersey, announced that the city pension fund will invest part of its money in a Bitcoin exchange-traded fund (ETF). Following the pace of the Wisconsin pension fund, Fulop estimates that this process will be completed by the end of the summer.
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Meanwhile, US President Donald Trump hopes to build a US Bitcoin reserve, while independent candidate Robert Kennedy Jr. goes a step further and plans to urge the federal government to buy Bitcoin until its BTC holdings match its gold reserves.
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Daily level analysis: Rapid rebound, opening an upward trend. Upper pressure 69300, lower support 64500.
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4-hour level analysis: Rush to repair the trend, upper maximum pressure 70000, recent pressure 66600, lower support 66000.
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Intraday analysis: Bitcoin's spike is over, the annual bottom has appeared, and the post-impact is possible but there is no need to worry too much. The market may be in the small-cap alt season, and most companies have begun to deploy small-cap alt stocks. Despite the short-term correction, the long-term bullish sentiment is still strong.
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Intraday bullish trend, upper pressure 68500, see the breakthrough, lower support 66300, can go up if it falls back. Stabilize the spot, safely pass this difficult moment in the history of encryption, and stay calm when encountering things!
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