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 one state is not enough to influence price trends, its symbolic significance outweighs the practical significance. Where there is a first, there will be a second!

The liquidation map shows that if the price breaks through 97500, nearly 1.5 billion USD of short positions will be liquidated, and falling below 90,000 will liquidate over 2 billion USD of long positions! The competition in the long and short game is intense!

During the day, I provided a short-selling strategy and exited with a small profit. The crypto reserve act has made me doubt whether the price will rise again. Although there is a strong demand for a pullback from a technical perspective, the market is being strongly defended and cannot decline. Bitcoin has been maintaining a consolidation around 95 during the day, while Ethereum is consolidating above 1800! For evening operations, Conan still recommends focusing on high-position short orders, with pullbacks for long positions as a supplement! Key resistance levels to watch are 95500, 96000, 97000, 98000, and 99500, while support levels to watch are 92700, 91600, 90500, 89000, and 87000.