The Arizona BTC Strategic Reserve Bill has been passed with the number #空投操作全指南 , making it the first state to recognize the status of cryptocurrency assets. Although a single state's purchasing power is not enough to influence price trends, its symbolic significance outweighs the practical implications. Where there is one, there will be a second!
The liquidation map shows that if the coin price breaks through 97,500, nearly $1.5 billion in short positions will be liquidated, and if it falls below 90,000, over $2 billion in long positions will be liquidated! The competition between bulls and bears is fierce!
Today, I provided a shorting strategy and have taken a small profit and exited. The crypto reserve bill has made me suspect that the coin price will rise again, although there is a strong need for a technical pullback, the market is being firmly supported, and it is unable to drop further. The main coin has been consolidating around 95 today, while Ethereum has been consolidating above 1,800! For the evening operations, Conan still suggests primarily setting up short positions at high levels, with long positions as a supplement during pullbacks! The key resistance levels to watch are 95,500, 96,000, 97,000, 98,000, and 99,500, while the support levels to watch are 92,700, 91,600, 90,500, 89,000, and 87,000.