龚有柴GongYouchai

One-handed driving a Ferrari
币安王牌KOL专属群（龚有柴）

The "Bitcoinization" of the United States is accelerating, and $100,000 may just be a new starting point for Bitcoin.
Recently, Arizona and New Hampshire passed Bitcoin reserve laws, and Texas is also actively promoting related legislation, with more states expected to join this trend in the future. This series of actions indicates that the financial reserves of the United States are gradually leaning towards Bitcoin.
In the past, it was companies purchasing Bitcoin, but now state governments are getting directly involved, incorporating Bitcoin into their strategic reserve assets, and even authorizing financial officials to purchase it directly. This can be seen as a national-level accumulation of Bitcoin. This is distinctly different from ordinary retail investors' speculative activities, indicating the strategic importance of Bitcoin at the official level.

As the credit crisis of U.S. Treasury bonds intensifies and state governments increase their involvement with Bitcoin, the role of Bitcoin is undergoing a transformation. It is no longer just digital gold; it is gradually becoming a presence similar to "U.S. central bank assets." Its investment logic is also undergoing fundamental changes.
If Bitcoin can truly become a global digital reserve asset in the future, then breaking and stabilizing above the $100,000 mark is just a matter of time, and this may just be a new starting point for Bitcoin's value to take off. #BTC突破99K

Oh?

Dogecoin enthusiasts believe that Musk leaving the DOGE department to return to Tesla is a good thing, but in reality, the true bad news is being forced to distance himself from the White House.
The support and expansion of political power are the keys to Musk's continued endeavors in the future. He may be engaging in politics for several reasons: first, technology has hit a bottleneck, and he needs power to provide a buffer of resources; second, technological applications are hindered, and he needs policies to pave the way; third, he wants to replicate China's successful model.
Therefore, Musk's setbacks in politics are Tesla's setbacks. Being forced to step back from the core circle of Washington not only signifies Musk's political investments failing but, more importantly, that certain hidden crises may erupt. Thus, on one hand, Musk reluctantly reduces his investment in Dogecoin rather than completely leaving; on the other hand, he doubles down on praising Trump. Because losing in political games could likely lead to disastrous consequences.

Tonight, the Federal Reserve will hold a meeting, with results announced at 2 PM and Chairman Powell starting to speak at 2:30 PM. The result of the May meeting was a 100% probability of no rate cuts, while tonight's main focus is Powell's expectations for June—will there be a rate cut in June?
According to current interest rate market data, the probability of no rate cut in June is 70%, while the probability of a rate cut is 30%. Therefore, the likelihood of a negative outcome is relatively high, but not 100%. In this case, I believe that a 70% probability of a negative outcome is enough to consider exiting at the current high point, to first avoid risk and observe. #美联储FOMC会议

If I were to summarize Trump's 'Hundred Days of Reform,' I think the biggest beneficiary is actually himself. In Trump's 'Winning,' he is portrayed as the sole savior of MAGA supporters. In just three months, his family made hundreds of billions of dollars, equivalent to Musk cutting jobs, while the Trump family swooped in to collect. With some clever maneuvering, they could hide this money outside the law and never worry about food and clothing for generations, which is certainly possible. So it's better to spur oneself than to spur dad. Barron Trump hasn't done anything, yet the family just gained a few hundred billion US dollars out of nowhere. And those specialized talents who are particularly good at adding bricks to MAGA, like Vance and Hegseth, have become the 'chickens' that rise alongside the 'one who attains the Dao.' If you can profit while in office, go ahead and do so; if you have ambition and aspirations to compete for the political legacy of MAGA, then compete. Everyone in the White House has their own things to be busy with, after all.

Why did Bitcoin surge this morning?
1. The US-China trade is expected to reach a reconciliation, and the US and UK have also reached a trade agreement.
2. Several states in the US are expected to pass Bitcoin strategic reserve bills soon.
3. China announced a rate cut.
4. The listed company Thumzup applied for $500 million in financing to purchase more BTC.

When I was younger, I never understood a saying

"When the false is true, the true is also false"

Finally, I came to understand it through my experiences in the crypto world.

Whether it is moving averages, Fibonacci retracement percentages, or any other indicators that generate lines, none can solely represent support and resistance. This is because the market is unaware of these lines and does not care how you draw them. The market will not pay attention to what you think in your mind, how your trading system works, or how many indicators you have.
What truly plays the role of support and resistance is the volume. Volume represents the amount of capital flowing into and out of the market, and its size reflects the confidence of the market.

From the market perspective, Bitcoin's current rebound has failed to break through the previous high, and the trading volume continues to shrink, indicating a lack of upward momentum. Against the backdrop of increasing macroeconomic uncertainty, the market is reassessing its support logic. As the enthusiasm for the halving narrative wanes, the volatility transmission effects from traditional financial markets are beginning to emerge.
Bitcoin is currently in a critical support testing phase. If there are unexpected outcomes from the U.S. Treasury auction, or if the Federal Reserve releases unexpectedly hawkish signals, the price may retest the $93,000 range to seek support. However, the market has reached a consensus on 'high interest rates lasting longer,' and unless there are black swan events such as a surge in winning bid rates, the short-term risk of a sharp decline is relatively controllable. #加密市场回调

The mouth of the understanding king, the deceiving ghost

If you want to pursue a 10:1 profit-to-loss ratio, you must endure the potential large drawdowns;
If you want to achieve an 80% win rate, you must patiently wait for high-odds opportunities;
If you want to engage in trend trading, you must hold positions on a weekly basis.
These trading goals are reasonable in themselves, but in practice, many people often go against them, thinking and doing completely the opposite.

The recent rise in US stocks and Bitcoin is mainly driven by two factors.
First, macroeconomic sentiment has stabilized. After the latest GDP data was released, the market generally believes that the economic situation in the United States is not as bad as imagined, and at least there are no obvious signs of recession in the short term, which provides a certain confidence basis for the market.
Second, the performance of the earnings season has also played a crucial role. The earnings reports of tech giants like Meta and Microsoft exceeded expectations, greatly boosting market sentiment, and investors are increasingly confident, allocating more to stocks and crypto assets.
However, the current market liquidity is still insufficient. Until the Federal Reserve clearly indicates a rate cut, the market will continue to be dominated by economic data and policy expectations.

Whether the market is a bull or bear market, buying and selling Bitcoin will never disappear.
The uniqueness of this market lies in the fact that some people seek short-term gains, some seek long-term gains, while others have no idea what they are trading at all.

The PCE price index has declined as expected, which is good news for interest rate cut expectations. Although the market is concerned that an economic recession may have a negative impact, from another perspective, this is actually positive. The clearer the signs of an economic recession, the greater the likelihood of interest rate cuts, and the market will not fall significantly as a result. In fact, after the opening, the market gradually stabilized and rebounded.
Next, the non-farm payroll data to be released on Friday will be very critical, with a high likelihood of a decline in data. The worse the data, the more it indicates the pressure of economic recession, and the closer interest rate cuts will be. Therefore, there is no need to worry too much; this is actually the biggest positive for Bitcoin.

It seems like there's good luck opening a position on Binance 😉

The thought process of investing is complex and requires a strong logical system. Once you realize you are wrong, you must correct it immediately. No matter what investment targets you choose, you must follow the major trends. Your position reflects your judgment of the next six months. Other people's opinions are not important; what truly matters is your understanding of the market.

Recently researching on-chain arbitrage
Found that Binance has a new feature
Binance Web3 Wallet 3.0
Upgraded cross-chain arbitrage tools
Automatically identifies multi-chain price differences and provides arbitrage paths
Also has a cryptocurrency sentiment index
Integrates social media and on-chain data to generate market sentiment indicators
Indeed lowers the threshold for ordinary people to participate in cross-chain arbitrage
Proven effective
Overall,
This is a key move for Binance Wallet's strategy to transition from an asset storage tool to a comprehensive investment platform
Can give it a try

Recently the market has been boring
Brief quick rises + long periods of sideways movement
Just when I had a minor surgery and can't see the candlesticks clearly
So I haven't been watching the market much
But today I opened Binance
And found that an order I placed a long time ago was filled
With a position of 10u
Let's see if I can get some gains

Since Trump's election in November, the number of addresses holding over 100 bitcoins has increased by more than 12%, truly the crypto president.