The Arizona BTC Strategic Reserve Act has been passed, making it the first state to recognize the status of cryptocurrency assets. Although the purchasing power of one state is not enough to influence price trends, the symbolic significance is greater than the actual significance. Where there is a first, there will be a second!

The liquidation map shows that if the coin price breaks through 97,500, nearly 1.5 billion USD in short positions will be liquidated, and if it falls below 90,000, more than 2 billion USD in long positions will be liquidated! The competition between bulls and bears is fierce!

Today, a short position strategy has already been slightly profitable and exited. The cryptocurrency reserve act has made me suspect that the coin price will rise again. Although there is a strong demand for a technical pullback, the market is being tightly defended, and it is not falling. Bitcoin has been consolidating around 95 today, while Ethereum is consolidating above 1,800! For the evening operations, Conan still recommends focusing on short positions at high levels, with pullbacks as a supplement for long positions! For resistance levels, pay attention to 95,500, 96,000, 97,000, 98,000, and 99,500, while for support levels, pay attention to 92,700, 91,600, 90,500, 89,000, and 87,000.