The decline of the US stock market the day before yesterday was due to the earnings season. As expected, after the release of the emotions of the earnings report, the US stock market began to return to the main line. As for #BTC, we have also been emphasizing that the current narrative is the#Bitcoinconsensus conference. In detail, it is expected that Trump’s speech when he takes office. Whether he really regards BTC as a strategic reserve is one thing. As long as Trump speaks when he takes office, it is good for BTC.

Looking back at the data, there is still nothing new. The earlier investors have not changed much and maintain a spectator attitude. The short-term investors who have a large turnover are those who have been bottom-fishing since yesterday. I also talked about this problem yesterday. Many friends just chase the rise and kill the fall. If it rises, they chase high, and if it falls, they cut their losses. In fact, investment still needs some logic. Frequent short-term trading reduces the tolerance rate and increases the risk for most people.

The chip concentration area of ​​$64,000 to $69,000 is more stable. Although it is also piled up by short-term investors, as US spot ETF investors continue to buy, the opportunity for long-term holding will also increase. Therefore, if there is no big risk or black swan, this support position is still quite stable.

Trump's speech will be at 3 am Beijing time on Sunday. You can go and squat, especially for short-term friends. Although I said that if he dares to say that he will make BTC a strategic reserve of the United States if he becomes the president of the United States, I will increase my position in BTC, but for those who say more, this should be the best short-term opportunity.

Tomorrow is the weekend, and the mood is good now. In addition, there are expected benefits of speeches on the weekend. If the liquidity is insufficient, the amplitude may increase, especially if it is really said, it may be FOMO. Contract friends should pay attention.