Brothers, good morning 😁😁
Today's market analysis
In recent days, the market has surged, with BTC almost breaking 120,000. The government had been opposing cryptocurrencies, banning mining and shutting down exchanges, but now it claims that blockchain is a revolution.
Yesterday, the Shanghai State-owned Assets Supervision and Administration Commission held a study meeting on the development trends of cryptocurrencies. With major developed countries implementing strategies to support and encourage them, BTC has become a safe-haven asset in the new era, and China is also increasingly restless.
Behind this wave of Bitcoin's rise, the influx of institutional funds shows a structural characteristic. This demand pattern is more stable compared to historical speculation. Previously, it was retail investors buying, and when the bear market hit, it would drop by 50%. Now, institutional funds are increasingly resembling gold, benefiting from the momentum brought by rising risk appetite.
Currently, the tariffs imposed by the king of understanding have lost their deterrent effect, and risk assets have become immune. The market is basically ignoring the king's latest tariff threats, with a continued preference for risk. NVIDIA's market has surpassed 4 trillion dollars, and the overall direction still looks bullish, though it may consolidate for a few days!!
