1. In the past few days, the heat and market trends have primarily revolved around James, this gambler, who serves as a barometer for the market. As long as he doesn't exit, the main players are uncertain about what to do, so there will definitely be a big spike, and it will be a very rapid drop, catching him off guard and unable to reduce his position. Burst him!

2. The Trump Group announced plans to raise $2.5 billion to buy BTC, similar to the MicroStrategy model. However, the stock of Trump Technology has plummeted, possibly because many people have been scared off by Trump's hype.

In the future, more and more institutions will mimic MicroStrategy's approach to purchasing MicroStrategy.

BTC is no longer something retail investors or small institutions can easily buy; this is not a good thing, as the future will be dominated by institutions crushing retail investors.

3. Sharplink also announced the purchase of $420 million worth of ETH as reserves, following the MicroStrategy model of investing in ETH. (This is positive news for ETH)

4. Today marks the second day of the BTC summit, with one more day to go. (The market drops during the conference)

5. In 2015, the cost for ETH whales was only $0.31, and they have been selling recently; they still have 90,000 ETH waiting to be sold.

The market has been very volatile in recent days, meaning that if you eat the meat, you should leave; the pattern is about to reverse.

Previously, it was mentioned that ETH needs to adjust its exchange rate, reaching a high of around 2710, but still a distance away from 2888. However, the overall exchange rate has clearly improved.

Yesterday, positive news was released, yet the market was unable to break through new highs, greatly increasing the chances of a pullback.

Therefore, the overall trend of the market is downward.

Short-term market:

Current price of BTC is 108700, looking at 106666, resistance at 110000.

Current price of ETH is 2632, looking at 2520, resistance at 2688.