Today's market can be described as a live textbook of 'bullish bombardment + emotional cleansing'.
The Trump Group announced a shocking operation today: Trump Media Technology Group has launched a Bitcoin treasury plan of up to $2.5 billion, which is expected to complete private fundraising by the end of this month. This is not just talk; it's solid dollars, backed by more than fifty institutions participating. This capital operation is comparable to MicroStrategy back in the day, but this time it carries the aura of an incumbent president. The market has reacted appropriately, but it’s far from the expected level; the major player had already built positions a month in advance before the news came out.
SharpLink Gaming has also kept pace, announcing a treasury reserve strategy centered on Ethereum, with a private placement of $425 million specifically for increasing ETH holdings. Led by Consensys, old money capital firms like Pantera and Galaxy have also taken action. What we need to observe is not whether these listed companies can rise, but what is happening behind the market: crypto sovereignty is being reshuffled through on-chain assets, and Ethereum's major players finally want to do something.
Today's biggest fire has burned a detail that many people overlooked: Prometheum successfully acquired the SEC and FINRA registered brokerage ProFinancial and announced a comprehensive service for compliant digital asset custody, trading, clearing, and issuance. What does this mean? It means that within the barriers of U.S. compliance licenses, players have begun to complete the closed loop, seizing the on-chain migration track of U.S. assets.
From a technical perspective, Bitcoin quickly rebounded after testing the intermediate support level this morning, with the main force's rhythm being very planned. This recent dip has turned the market contracts upside down, with just JAMES WYNN alone losing over ten million dollars. After the liquidation, the market immediately rebounded, which indicates a targeted strike. If you don't understand how they operate the market, then you are just material for them to play with.
The key point is not that no one can make money, but that the people who make money are always the ones who are in sync with the rhythm. When news comes out and emotions drop, smart money is there to pick it up. Even reverse contract addresses have been precisely followed for millions, indicating that the current phase of the contract market has poor liquidity, where experts face experts, and the battle relies entirely on experience and execution.
The Bitcoin conference in Las Vegas officially starts tomorrow. Such nodes often accompany a concentrated release of market sentiment, especially after the main force has already released washing signals the day before. The probability of sudden favorable news or even market reversals during the conference is not low. For those holding chips, don't move easily; for those fully invested and stuck, don't easily panic; for those preparing to increase positions, also don't chase easily. The market is not about who reacts quickly now, but about who can wait for the signal to take decisive action.
In terms of operations, continue to maintain strategic resolve, with 30% cash waiting for an opportunity. The experience in the crypto market often indicates that when favorable news is concentrated and released, it really should rise, but before it truly rises, a batch of people will indeed be trapped.
BTC: Bitcoin has returned to a bullish position within the ascending channel, but the bearish pressure from the technical side still exists. There is a divergence on both the daily and weekly charts, and the probability of a direct reversal without sufficient momentum is still less than half. Continue to be patient. The current bottom trend is at 105,000 points, while the reversal position on the upper side is in the range of 115,000 to 120,000 points. The daily line must at least stabilize above 120,000 points to constitute a daily reversal, so continue to pay attention to the situation of high and low points.
ETH: For Ethereum, the daily structure needs to break through 2800 points to initiate a main upward wave. Currently holding, the well-established Ethereum institutions like MicroStrategy are also starting to take action, which is generally a good signal.
HYPE has doubled following PEPE and BB, with the hype platform currently holding over 88% market share in dex contracts, dominating the decentralized space. It is estimated that it will be difficult to participate at lower points in the future. EOS has been renamed A, and the automatic token swap will occur from 8 AM tomorrow until 6 PM. Hopefully, the new major player will be reasonable. Other issues can be discussed in the comments.
The fear and greed index is at 74 today.
Finally, stay away from leverage and stock up on spot assets!
