The Arizona BTC Strategic Reserve Act has been passed, making it the first state to recognize the status of crypto assets. Although the purchasing power of a single state is insufficient to influence price trends, the symbolic significance outweighs the practical implications. With a first, there will be a second!

The liquidation map shows that if the price breaks through 97,500, it will liquidate nearly 1.5 billion USD in short positions, and if it falls below 90,000, it will liquidate over 2 billion USD in long positions! The competition between bulls and bears is intense!

Today I provided a short-selling strategy and made a small profit before exiting. The crypto reserve act has made me suspect that prices will rise again. Although there is a strong demand for a technical pullback, the market is being firmly supported and is unable to drop significantly. Bitcoin has been consolidating around 95,000 throughout the day, while Ethereum is consolidating above 1,800! For evening operations, Conan still suggests primarily placing high-position short orders, with pullbacks as a secondary strategy! The upper pressure levels to watch are 95,500, 96,000, 97,000, 98,000, and 99,500, while the support levels to monitor are 92,700, 91,600, 90,500, 89,000, and 87,000.