El Salvador Buys Bitcoin for 1000 Consecutive Days

Price and Funding Dynamics

• BTC reported at $118,881.07, down 2.28% daily, market capitalization maintained at $2.36T

• Asian capital outflow of $1.6718 million, European and American net outflow of approximately $44.3 million

• Key support level at $116,000, upward resistance level at $120,000

• Large buy orders up to $15.1689 million, indicating continued institutional deployment

Policy and Controversy Focus

• El Salvador claims to have purchased an average of 1 BTC per day for 1000 consecutive days, with total reserves reaching 6266.18 BTC

• IMF report questions: may not have actually added holdings since February 2025

• Investment Banking Law passed: allows financial institutions to offer Bitcoin services to qualified investors

• The bill forms a policy balance with the $1.4 billion credit agreement reached with the IMF

Trading Strategy Recommendations

• MACD shows strong medium-term bullish momentum, but RSI near the 50 axis reflects short-term wait-and-see

• It is recommended to pay attention to the "buy on dips" strategy, especially in the $118,000-$119,000 range

• Recommended to allocate 3%-5% position to participate in possible rebound

• Pay close attention to changes in institutional capital flows and ETF redemption data $BTC $ETH #ETH突破4300 #以太坊生态回暖