Strategist's Market Analysis: (Issue 228) The new engine of the bull market is about to take off!!
In the last issue, it was mentioned that a second bottom could be found around 113,000; in reality, it was 112,582 for the second test, and the market took off, reaching a high of 117,591 yesterday. A new market trend is brewing!
Remember that the strategist mentioned before that the market would start to rally after 8/10, and this timing is still very consistent!
Last night, a lot of macro news came out: the most significant was the president signing an executive order allowing pension accounts to invest in crypto assets, with a conservative estimate of pension assets at 9 trillion USD!
1% entering crypto would be 90 billion USD, 5% would be 450 billion USD, and 10% would be 900 billion USD. Just imagine this volume; 90 billion exceeds the total of all ETF holdings! So this is even more significant than favorable ETF news!
ETFs are compliant, but the entry of pension funds marks a new historical height!
Trump also shouted: Never sell your Bitcoin!
Think about it, never sell; this is not just boasting; there is a commitment behind it. For the crypto community, everyone can understand the value of Bitcoin.
For outsiders, this is a commitment to society as a whole. Every bull market has its engine; with Bitcoin reaching heights from retail/whales/institutions to the national level, where will the value go?
Let's take a look at the liquidation chart: the strategist's goal remains unchanged; this wave is aimed at breaking the previous high!
123,000/125,000 is on the way!
I've been saying for many days not to short; if you want to send me, there's nothing I can do!
Bitcoin K-line pattern: Bitcoin is still within a volatile range, about to break the descending trend line. Meanwhile, ETH/SOL have completely broken through the descending trend line and entered an upward channel!
After a pullback around 116,000 to consolidate, it will surge upwards!