Is the crypto market ushering in a key turning point? Focus on the Washington Blockchain Policy Summit

The first US Blockchain Financial Policy Summit will kick off in Washington in the early hours of tomorrow morning Beijing time. This high-level industry conference led by the White House has become a weathervane for the global crypto market. According to the latest list of participants, Coinbase CEO Brian Armstrong, MicroStrategy founder Michael Saylor, senior representatives of stablecoin giant Tether, and core members of mainstream public chain foundations such as Ethereum and Solana will all attend. There is also news that Binance CEO Zhao Changpeng (CZ) is also among the special guests, which can be called the "all-star lineup" in the crypto industry.

The most eye-catching focus of this conference is the strategic positioning of digital assets in the United States. If the conference releases a positive signal of incorporating Bitcoin into the national strategic reserve, it may trigger a new round of institutional investment boom. It is worth noting that the approved Bitcoin ETF products will directly benefit from favorable policies, and Ethereum ETF and products such as LTC and SOL that are under review are also expected to usher in incremental funds. From a technical perspective, BTC/USDT's successful recovery of the psychological barrier of $90,000 is of great significance. Compared with the value revaluation effect formed in the $80,000 range, the current price is easier to gain market consensus.

The secondary market is showing a structural recovery trend. ETH/USDT is poised to challenge the $2,300 mark, and some second-tier crypto assets are simultaneously launching a technical rebound. It is worth noting that the net inflow of funds in the DeFi sector has been significant recently. Investors are advised to give priority to mature projects with clear application scenarios. It is important to remind that although the medium-term trend maintains bullish expectations, the short-term market effect of "buying expectations and selling facts" should be guarded against. Avoid blindly chasing highs on the eve of the meeting. Judging from the technical form, the market still has the possibility of the last round of short-selling. It is recommended to focus on the layout of compliant institutional holdings, and Grayscale Trust holdings may become a safe haven for funds.