New Hampshire has really done something big this time!

They directly legislated to add Bitcoin to the state's strategic reserves. Although the amount purchased is not comparable to whales like MicroStrategy, the official endorsement significantly boosts Bitcoin's status—it's safe to say that it has risen a level!

This operation reminds me of the bull market following the approval of gold ETFs; Bitcoin is likely to replicate that legend!

The market movement in the early hours was quite intense, with Bitcoin bouncing back by $3,000, and the $98,000 mark is looking close! However, tonight's Federal Reserve interest rate meeting is the main event; a rate cut seems pretty much guaranteed, and Powell's speech will likely lean hawkish, meaning market sentiment could change at any moment.

The URPD data shows that there isn't much selling pressure above $98,500, but tonight's volatility is definitely going to be off the charts. The state government’s reserve bill is a long-term positive, but the short-term market is ignoring this, focusing solely on the Federal Reserve's stance!

In my opinion, chasing high leverage long positions at this price level is just playing with fire; if sentiment changes suddenly, you might not have enough time to react before liquidation.

As for shorting, I recommend watching the Federal Reserve’s signals first. If you do decide to open a position, set your liquidation line outside of $106,000—if the wind changes direction tonight, make sure to exit quickly; if it does drop, just hold steady and wait for a rebound.

#Strategy增持比特币 #比特币战略储备 #美国稳定币法案

I'm Lei Siling, click on my profile to follow me. Want to know how to bottom-fish and take profits at the top? I’ll share tips with you for free to help you set sail!