❤️By the way, there is another major event happening recently, which is the BTC bill in Arizona～

Here is a brief summary of the bill and its related impacts:

▶︎ Bill Content

- A historic first: Allows state treasury/retirement funds to allocate ≤10% of funds to purchase BTC, marking the recognition of BTC's strategic value by sovereign entities.

- Policy Significance: If passed, it may trigger a ripple effect of similar actions in multiple states, creating a 'domino effect', with long-term liquidity increases far exceeding ETFs.

▶︎ Market Impact

- If passed (60% probability):

- Short-term bullish: BTC could surge to $100,000, with altcoins following suit (especially compliant sectors).

- Long-term positive: Institutions will accelerate entry, with annual incremental funds potentially reaching billions of dollars.

- If rejected (40% probability):

- Short-term correction (support at $83,000), but ETF fund inflows + federal policy will support the medium to long-term trend.

▶︎ Operational Strategy

- Shorting prohibited: Asymmetric policy risk (upside potential > downside risk).

- Long position allocation: Light spot/low-leverage long positions, stop loss at $83,000, target $95,000-$100,000.

- Hedging plan: Buy $95,000 call options + sell $85,000 put options.

- Position discipline: Retain 50% cash, respond flexibly after the bill is finalized.

▶︎ Risk Warning

- The governor may veto (requires supporting budget), high volatility may trigger leverage liquidation.

- Altcoin differentiation: Be cautious of selling pressure for coins that have rebounded to previous highs.

Conclusion: Regardless of the outcome, the event marks BTC entering a new phase of 'sovereign allocation'. It is recommended to take light positions to gamble on policy dividends and avoid heavy unilateral positions.