Why did Trump's $2.5 billion BTC purchase not lead to a market surge?

Last night, US stocks soared, and the Trump organization spent $2.5 billion on BTC. Normally, this would cause Bitcoin to spike and Ethereum to break its previous high, but the reality is: BTC did not reach a new high, and ETH only showed slight fluctuations.

Recently, the market has attempted multiple corrections but has been continuously absorbed due to strong buying pressure. The current consolidation direction remains a mystery. BTC's price movement is highly confusing, exhibiting significant volatility: long positions are piling up at low levels, and selling pressure can easily be intercepted by bulls; on the other hand, upward movements face heavy resistance from spot selling.

Trading strategy: Mostly observe patiently, be wary of the market clearing out long positions before targeting shorts.

Key levels:

Resistance level: 111500 / 110500

Support level: 107500 / 106500

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