Utah Leads 20 US States Aiming to Launch State-Level Bitcoin Reserves, While Trump's 'Crypto Task...
The race to integrate Bitcoin into state treasuries is heating up. So far, 20 U.S. states have introduced bills aiming to accumulate BTC as a financial asset—but Utah is pulling ahead with real legislative momentum. A new bill, HB 230, just cleared a major hurdle. The “Digital Innovation and Blockchain Amendments” bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senate’s Revenue and Taxation Committee. Back in January, the bill passed Utah’s House of Representatives with an 8-1 vote, and on February 7, it advanced to the Senate for its first reading. If enacted, up to 5% of Utah’s state funds could be invested in “qualified digital assets”—a category that, under the bill’s criteria, currently includes only one cryptocurrency: Bitcoin. Utah's HB 230 isn’t just about buying Bitcoin...It also lays the groundwork for regulatory oversight, custody protocols, and even permits the treasurer to engage in staking and lending of crypto assets under certain conditions. Additionally, the bill introduces new rules around stablecoin investments, reflecting the broader push to formalize crypto within government finance. The proposal is spearheaded by Utah Rep. Jordan Teuscher. If it keeps gaining traction, the bill could take effect on May 7, 2025. And according to Dennis Porter, CEO of Satoshi Action Fund, Utah is positioned to be the first U.S. state with an official Bitcoin treasury, thanks to its tight 45-day legislative session. This state-level push follows Donald Trump has floating the idea of a Federal Bitcoin Reserve - his 'crypto task force' is already exploring ways to make it happen. In an interview with Bloomberg President Trump says he believes that if the U.S. doesn’t move fast, rival nations will. As Utah moves forward, all eyes are on whether this bill will set a precedent for other states looking to put Bitcoin on their balance sheets.-------#BTC
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Here are a few simple cryptocurrency trading methods that I hope will be useful to you.
1. If there are no familiar signals, do not act decisively. It is better to miss out on an opportunity than to place random orders.
2. Make trades after 9 PM. During the day, the news is too chaotic, with various false positives and negatives flying around, causing prices to fluctuate wildly, making it easy to get tricked into entering the market. After 9 PM, the news is generally stable, and the candlestick charts are cleaner, with clearer direction.
3. Look at indicators, not feelings; do not trade based on gut instinct. Before making a trade, check these indicators: · MACD: Is there a golden cross or death cross? · RSI: Is there overbought or oversold? · Bollinger Bands: Is there a squeeze or breakout? At least two of the three indicators must give consistent signals before considering entering the market.
4. Stop Loss: Dignity is more important than money. "If the direction is wrong, cut it immediately; hesitating for a second can result in a 10% loss." Fixed stop loss method: 3% of the principal is the red line. Dynamic stop loss method: After a 50% profit, if there is a 20% pullback, you must exit.
5. Withdraw funds on time every week. For example, if you made 5000 USDT this week, don’t always think about doubling it! It is recommended that you immediately withdraw 1500 USDT to your bank card and continue playing with the rest.
6. There are tricks to reading candlestick charts. For short-term trading, look at the 1-hour chart: if there are two consecutive bullish candles, you can consider going long. Switch to the 4-hour chart to find support lines, and consider entering the market when the price approaches the support level.
🕸️ Midday market perspective on May 5th. 🕸️ $BTC perspective: The important support level of 95500 was broken after grinding for a day. A sharp drop is not scary at all, because sometimes a sharp drop will stop. However, a slow decline will not stop; it will rise for 15 minutes and drop for 1 hour, then rise for 1 hour and drop for 4 hours, and so on, slowly grinding downward. It may only slowly build a bottom and move upward after wiping out all the long positions. Therefore, a slow decline is the most annoying market behavior.
The large pie must break through 94250 with volume and close above 94250 at the hourly level to chase long positions on the right side, with stop loss on break. When it drops below 93667 with volume and fails to recover on the rebound, chase short positions on the right side, and set stop loss on recovery; pay attention to changes in volume and maintain a good stop loss. If a false breakdown occurs at 92558, recover and take a light long position; set stop loss at the false breakdown low or below 91862. If it cannot recover, do not go long. 🕸️ The large pie can only look upward at 95244-95786 if it breaks through 94736 at the hourly level; previous support has become resistance. Those who want to short should pay attention to a 2B false breakout at 95736 to short one position; if it breaks and stands above 96580, set stop loss. Conservative players wait for: long at 91656, stop loss below 90612. 🕸️ Upper pressure: 94485-95261-95779 Lower support: 93620-92775-91831 If the 4-hour closing price is below 93589, continue to look downward at 92881-91781; the decline may have just begun. The hourly level shows that this large door is drawn quite standard, but it hasn't broken the previous low, so there’s nothing much to worry about.
🕸️🕸️🕸️🕸️🕸️🕸️🕸️🕸️🕸️🕸️
$ETH thought: The second pie must break through 1800 with volume to chase long positions on the right side, with stop loss on recovery. If it drops below 1781 with volume, chase short positions on the right side, with good stop loss.
When it pulls back to 1738, confirm effective support with a light long position; stop loss below 1700. If the second pie breaks below 1800, it’s not a good thing. The second pie can only look upward at 1837-1873 if it breaks through and stands above 1808 at the hourly level, which is somewhat difficult for the second pie. Pay attention to 1842 for a short position above the second pie, with stop loss on break at 1872. Left-side order: long at 1672, stop loss below 1638. 🕸️ Upper pressure: 1817-1842-1872 Lower support: 1779-1756-1722 The 4-hour level shows that 1783 has officially started the correction of the second pie; look at the target positions below 1744-1691. I hope everyone follows the trend and does not open positions against the market. Meeting adjourned. $BTC #美国稳定币法案 #加密市场回调 #MichaelSaylor暗示增持BTC
极道桃园专属红包群 Welcome all heroes and talents to join! Survivorship bias: The people who can leave comments on the message board are always in the minority! To give a simple example, among 100 customers at a restaurant, one person thinks today's food is a bit salty, so he writes down this opinion! The owner, in order to accommodate this opinion, reduces the amount of salt, and as a result, 99% of the people think it is bland! In fact, it is not that 99% think it is bland, but that 100% of the people think it is bland! Because the person who wrote the opinion is very likely to never visit this unsatisfactory restaurant again! Only those who have no opinion are left to bear the consequences of this reform!
Twin Tulips Ranks #2 on Binance Live Weekly Leaderboard! ♻️✅
🔶 Grateful. Humbled. Motivated. 🌷💛🤝
🔶 Twin Tulips has officially secured the #2 spot on the Binance Live Weekly Leaderboard competing among some of the top crypto communities in the world!
🔶 This achievement reflects our unwavering support, our shared passion for crypto, and the power of consistency. From daily insights to interactive live sessions, we’re building something special together.
🔶 A massive thank you to everyone tuning in, learning, and growing with us on this journey. The mission is just getting started!
Twin Tulips Ranks #2 on Binance Live Weekly Leaderboard! ♻️✅
🔶 Grateful. Humbled. Motivated. 🌷💛🤝
🔶 Twin Tulips has officially secured the #2 spot on the Binance Live Weekly Leaderboard competing among some of the top crypto communities in the world!
🔶 This achievement reflects our unwavering support, our shared passion for crypto, and the power of consistency. From daily insights to interactive live sessions, we’re building something special together.
🔶 A massive thank you to everyone tuning in, learning, and growing with us on this journey. The mission is just getting started!
#sand Metaverse sector volatility, did you notice? Brother Lie accurately captured it, this morning he advised the brothers in the free family to position in sand! They made a big profit! Beautiful! Today's breakfast shared with everyone the eth long strategy, entering around 1600, peaking at 1659, making nearly 60 points! So delicious! Of course, how can we stop at breakfast when we have lunch in the afternoon! Lunch continues to eat meat 🍖, the local dog butcher is online, a precise hunt for sand in a 1️⃣h level main upward wave! Sand is quite fierce today, with the first target at 0.26865 and the second target at 0.27418 already reached as promised, the five-wave analysis method does not deceive me! Haha, another wave of winning, I really don't want to keep using the words 'winning', what would those who are losing think, haha! 🎈 The strategies are all free, once again congratulations to the brothers who followed Brother Lie's exclusive free strategy link to catch this wave! Support is mutual, Brother Lie can only give back with the five-wave analysis method strategy! 🎈 Save where you can, spend where you should Brother Lie's exclusive free strategy registration link on Binance: https://www.marketwebb.ac/join?ref=MYW42HCZ Invitation code: MYW42HCZ