Recent BTC price trend: Hold steady and wait for new highs before reducing positions by a certain percentage

1. FTX paid compensation funds on the 18th, entered the market, and brought incremental funds

2. Michigan proposed to establish a strategic Bitcoin reserve, becoming the 20th state to promote crypto reserve legislation! Strategic reserves bring new incremental demand

3. The Russian-Ukrainian conflict ended and peace talks began

4. The recent major negative factors have landed, Japan has raised interest rates, the United States has not cut interest rates, Trump's tariffs, non-agricultural data, CPI data and other uncertainties have landed one after another

5. ETFs will resume net inflows next week

It is tentatively scheduled to reduce positions by a certain percentage before the US interest rate meeting in March!