Has Bitcoin broken through again? Should we chase?
I’ve really been scared by the previous false breakouts, don’t chase too blindly. If it really stands firm and moves up, then it’s possible to allocate some altcoins for follow-up gains, like Pepe, Sui, or even Sol, there’s a lot of room.
Keep a close watch; if Bitcoin drops again, then we can take a small loss and continue to observe. The risk-reward ratio is favorable, betting small to gain big.
It's an old trick, daily baiting, and we remind everyone about false breakouts every day; these are hard-earned insights. However, later we’ll take a look at the exchange data to see the major orders, and maybe there’s still something to consider.
Today's achievements:
After Bitcoin took off, the altcoins we positioned are also starting to perform well!
The order PNUT placed earlier has also taken off!
Now PNUT has risen by four points, and the contract returns have jumped to 80%. Those who have kept up should set their stop-loss at breakeven, and continue to hold for the target!
FARTCOIN continues to play music and dance!
FARTCOIN is approaching its first target, with an increase of 10%, and contract returns nearing three times 300%. I've already reminded the brothers to use half, and the remaining will target the overall pattern!
In this market, one must be bold, but also seize the right timing!
KAITO, who entered the market yesterday, also woke up to about a ten-point increase, with a contract yield of 20x directly giving over 200% returns!
There’s a guy who is even more ruthless, directly using 75x leverage, with returns over 1000%! In a bull market with big fluctuations, only by grasping the right timing can one ensure victory!
The core logic of Bitcoin at the moment: positions have not broken the top, price first surged = market is healthy with no bubbles!
Currently, the total futures positions of Bitcoin across the network are approaching historical highs. But the key point is: the price is less than 2000 dollars away from the previous high.
The market is still in a rational accumulation phase, with institutions continuously buying, and retail sentiment has not yet boiled over, leaving ample space for future rises.
If the price hits new highs before positions are fully broken, it indicates that the market has not fallen into 'excessive speculation' FOMO emotions, but is instead steadily rising driven by real funds, which is a healthy signal for a bull market continuation.
Sun Yuchen 'lavishly sent 300 million coins to the White House'? The US hearing exploded!
Yesterday at the congressional hearing, right from the start, a 'palace intrigue-level' drama unfolded! Republican lawmakers directly confronted the SEC chairman: 'Are you deaf to the matter of Sun Yuchen sending 300 million coins to the Trump family? Dining and partying together, isn’t that collusion between government and business?'
Last year, Sun Yuchen used the Huobi wallet to lavishly spend 30 million dollars, buying up the WLFI coin strongly supported by the Trump family, not only reviving a dying project but also transforming into a project advisor, with Trump's sons and confidants filling the team. This relationship chain is even more exciting than a political drama!
As a result, the coin price first skyrocketed by 50%, then plummeted by 60%, leaving a mess, with retail investors buried and the weeds wailing. A congressman questioned: 'Is this considered political donations packaged as tokens?' but the SEC chairman played it cool: 'Not my concern!'
The most magical part doesn’t stop here — at the hearing, they directly brought up the **'TRUMP Coin' big crash scene**, which once soared to a market cap of 12 billion, now lying flat at 12 dollars, while the SEC said: 'meme coins are just like sports cards, I don't guarantee returns.' Let’s just say, they're really good at shifting blame!
But fortunes change, and the Democrats are not to be underestimated: 'You hold 5 million in coins yourself, and your wife's family is in finance, can you really enforce the law impartially?' (The audience starts booing.)
This drama tells us: the crypto world is not a casino, it's a 'harvest paradise' set up by Wall Street + the White House! Those who don’t understand the rules are just background props; those who can’t see through the script will always be the ones left holding the bag!
