> Fascinating intersection of politics and crypto. Bitcoin hovering near $109K — institutional push still intact. Are you bullish despite global shifts?
币姥爷
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July 7, 2025
The United States is really interesting; Musk recently plans to prepare a third party in the U.S.: the American Party, to advocate for his political views. This is probably the most powerful way to confront since breaking away from Trump. After the passage of the "Great Beautiful Act," Musk held a public vote for the American Party, with about 1.249 million netizens participating in the voting, of which 65.4% expressed support. The goal of the American Party is to seize key seats in the 2026 midterm elections. If successful, the U.S. would become a three-party system, and I must say it’s quite exciting.
To be honest, the American democratic system is quite impressive, having operated on a two-party system for over 160 years, and there are still people daring to challenge the status quo. Musk, a man whose abilities are already filled with legendary color, will bring a new storm to American politics. However, in my view, I hope Musk continues to focus on his technology ventures, especially the development of brain-machine interfaces, which is currently the frontier technology I am most interested in. But if I were in the U.S., I would also support Musk in his American Party.
Speaking of the market, the Nasdaq has already surpassed the 20,000-point mark, continuing to set new daily highs. This has a strong demonstration effect on other global assets, especially Bitcoin. In fact, Bitcoin's price is also hovering near the 110,000 resistance level, showing a strong tendency to break through. Theoretically, since the U.S. stock market has set new highs for several days, Bitcoin should have broken through by now; perhaps it is still affected by the sudden large movements of BTC, which has temporarily prevented the breakthrough.
Now it just needs a final push. Compared to previous attempts, this time it has remained near the resistance level without retreating, coupled with the new highs in the U.S. stock market, so the probability of a breakthrough is increasing compared to previous attempts. Of course, in terms of positioning, I am already prepared for the breakthrough. Even if it doesn't succeed this time, there is still hope for new highs in the second half of the year, so I have left 80% of my positions waiting, and the remaining 20% is kept flexible for defense.
Thank you for your attention and likes.
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