Trump Media & Technology Group announced on Monday that it has accumulated approximately $2 billion in Bitcoin and related assets. Following former President Donald Trump’s shift towards the highly profitable field of cryptocurrency, his net worth has continued to grow during his tenure. The company stated in a press release that Bitcoin holdings currently account for about two-thirds of Trump Media's total liquid assets.
Bitcoin maintained a narrow range of 118500-120500 overnight, reaching a high of 120327 before retreating to around 119800 for consolidation.
The technical analysis shows that the current price is at a critical watershed, with support levels at 119500 and 118800, and resistance levels at 120300 and 121000. The 4-hour indicators present a neutral signal: the MACD fast and slow lines are converging and leveling off, the RSI value is at 54 with no clear direction, and the Bollinger Bands are continuing to narrow, indicating that a change in trend is approaching. In terms of volume, trading volume has decreased during the fluctuations, and no significant large orders have occurred. Special attention should be paid to the early trading session's correlation with U.S. stocks, important economic data for the day, and changes in funding rates. Currently, volatility is at a low level, suggesting that positions should be controlled first, and actions should be taken in the direction of the breakout. The market is in a stage of accumulation, and patiently waiting for direction is key.
Bitcoin suggestion: For the short term, adopt a range strategy, lightly shorting at 120000-120300 (stop-loss above 120500), and gradually buying at 119500-119800 (stop-loss below 119000); for the medium to long term, wait for confirmation of a breakout. A break above 120500 targets 121500, while a break below 118800 targets 117500.
The calm during a sideways market is a gift from the market. When the K-line returns to silence, it is the best time for us to self-reflect—studying white papers, honing skills, and reviewing gains and losses. This seemingly bland waiting period is actually a time to accumulate strength for the next leap. Remember: the deepest wisdom often arises from the quietest moments.
