New Hampshire has decided to include Bitcoin as a reserve asset. Although the purchase is not as large as MicroStrategy's, it significantly enhances Bitcoin's status. Now, everyone believes it can replicate the myth of a decade-long bull market like gold ETFs. Stimulated by this news, Bitcoin surged by $3,000 in the middle of the night, and it looks like it’s heading towards $98,000.

However, the Federal Reserve is set to announce its interest rate decision tonight, and it’s likely that the current rate will remain unchanged, which everyone has already prepared for psychologically. The key is whether Chairman Powell will soften his stance; if he continues to be tough, the market is sure to experience significant fluctuations. Compared to the state government's cryptocurrency purchases, tonight's meeting may have a greater impact on the market.

From the market perspective, if Bitcoin can hold above $98,000 and move towards around $98,500, there won't be much selling pressure. But tonight’s volatility is certainly not to be underestimated; it could determine the direction of price movements in the coming weeks.

It is advised not to casually open low-leverage long positions, as a negative meeting outcome could lead to significant losses. If you want to short, wait and observe the meeting situation, and make sure to set the liquidation price above $106,000 when opening a position. If the meeting results are unfavorable for shorting, quickly cut losses; if the market indeed moves down, hold on and wait for a dip. Keep a close eye on this battle tonight!