比特魔

Last night #the US imposed a 50% tariff on the EU, which may be the reason for the decline in the cryptocurrency market, but the news might have just brought the pullback forward. Our short position was once again very successful, and we are still watching for a volatile pullback. If it returns to 110,000, we can continue to short.

Today's Market Hotspots Summary
1. Price and Position Breakthrough: Bitcoin reached a historic high of 111,980, with a market value exceeding 2.1 trillion, making it the fifth most valuable asset globally, highlighting its acceptance as a macro hedge tool and its integration into the traditional financial system.
2. Texas Bill: The Texas House passed the Strategic Bitcoin Reserve Bill (SB21), allowing surplus funds to be used for purchasing Bitcoin, leading in digital asset adoption and potentially paving the way for other states to follow.
3. Institutional Action: Michael Saylor's company Strategy plans to sell up to $2.1 billion in preferred shares to buy more Bitcoin, demonstrating institutional confidence in Bitcoin's long-term value and potential as a financial asset.
4. Corporate Inclusion: Sweden's H100 Group has adopted Bitcoin as a financial reserve asset, purchasing 4.39 Bitcoins (worth $475,000), making it the first publicly listed company in Sweden to do so.
5. Historical Commemoration: Bitcoin Pizza Day commemorates the 2010 event where 10,000 BTC was used to buy two pizzas, showcasing Bitcoin's evolution from a niche experiment to a global financial asset.

The risk of chasing after Bitcoin has been increasing, and there are still many whales going long, as well as many institutions increasing their Bitcoin holdings. The higher it rises, the greater the risk; risks are created through increases. Are these people throwing smoke bombs? Retail investors can never outplay the big players, so when caution is needed, we must be cautious. We need to prepare for a short position at a high of #BTC再创新高 .

Bitcoin successfully reached a new high, breaking 110,000, once again perfectly predicted
A month and a half ago, we mentioned that the double sawtooth structure would easily break the previous high, regardless of the reasons behind it. Bitcoin has once again made history, congratulations 🎉🎉🎉. However, altcoins generally have not seen significant gains. Historically, Bitcoin may experience high-level fluctuations while altcoins catch up.

The US is implementing a stablecoin bill, tying stablecoins like USDT to US Treasuries, creating a demand cycle, alleviating the US debt crisis, while also boosting BTC prices and realizing the dollar's digital globalization. #BTC #Trump
What a grand chess game, it seems Bitcoin should not be far from 110,000 now.

Bitcoin's long position yesterday was another complete victory, with a sustained high win rate. The Bitcoin Magic community has gained increasing attention from more and more people.
Bitcoin is now increasingly resembling a wedge breakout structure of wave C, rising amidst fluctuations.
Next, we need to prepare to short again at high positions #BTC

Today's Bitcoin #BTC Reasons for the Surge
1. U.S. stock market closed higher, driving the crypto market up
2. MicroStrategy and Metaplanet have increased their Bitcoin holdings again
3. Bitcoin spot ETF has seen net inflows for four consecutive days, with a net inflow of 360 million USD yesterday
As long as the ETF continues to have inflows, one should buy on dips
Yesterday's liquidation map was also very clear, with a large wave of retail investors waiting to be harvested above #ETH , so the increase was also expected.

High leverage successive liquidations, a trader lost nearly 2.7 million dollars in two days
A high-leverage BTC long position lasted only 45 minutes, triggering a stop-loss due to price correction, resulting in an additional loss of 175,000 dollars. His total capital dropped from 2.96 million dollars two days ago to only 250,000 dollars. Currently, he opened a long position of 2636 ETH at a price of $2444 with 25x leverage, with a liquidation price of 2480.
#ETH Ethereum is being washed back and forth, and there is a large wave of shorts waiting to be liquidated. Today's market is a bit nauseating, but we profited from both long and short positions.

Bitcoin #BTC 4-hour oversold, daily chart shows MACD death cross
The oversold signal is handled completely differently at different stages and positions.
When encountering support and resistance swaps or moving average pressure and support, one can participate heavily;
but in the current situation where it is neither up nor down and not close to the moving average support, trading lacks a clear risk-reward ratio.
I personally find it quite boring and would prefer to wait for a clearer structure before participating.

It might be the weekend, with no significant volume, and no upward trend formed throughout the night. The E wave still needs to continue to consolidate, and it is very likely to go down once more.
Remove the stop-loss for Bitcoin. If the E wave dips down again, add to the position #BTC走势分析 .

Compared to BTC, ETH's data is not as good, mainly because Fidelity has reduced its holdings by nearly 12,500 coins, while although BlackRock's investors have bought in, it is only 3,330 coins, which is a huge gap compared to Fidelity's sell-off. Fidelity has also reduced its holdings in BTC, indicating that some investors feel that cryptocurrencies have reached a point of saturation.
From the perspective of user sentiment towards U.S. ETFs, most investors are still maintaining a wait-and-see attitude. Although there hasn't been a large amount of buying, there are also no obvious signs of selling, which is much better compared to March and April. In recent days, Trump has been visiting abroad and has not caused any major issues, so it seems we can look forward to a good weekend. #ETH

Within two hours of the Moody's downgrade event, the stock of Bitcoin on exchanges has slightly decreased, and there are currently no signs of panic. The market's substantial reaction is expected after the opening of the U.S. stock market on Monday. Bitcoin is still expected to rebound after a period of consolidation and adjustment. Traders with small long positions can increase their holdings around 101000. Both bulls and bears can profit today #BTC

Reasons why Bitcoin will definitely reach a new historical high
1. BTC has already risen to a maximum of 106,000, only a step away from a new high, it would be unreasonable not to break through
2. Bitcoin spot ETFs are continuously buying
3. MicroStrategy, El Salvador, and others are continuously buying, and new funds are entering the market
4. More companies are gradually accepting Bitcoin payments, increasing the circulation and promotion of Bitcoin
5. After the United States adopts Bitcoin as a strategic reserve, other countries will follow suit
6. Many companies are starting to accept Bitcoin payments, which will correspondingly increase liquidity
#ETH

The probability is high that Bitcoin $BTC will end the narrow range fluctuation in the next couple of days, with a greater possibility of breaking upwards, so I remain bullish today. Yesterday's position is also in profit, and the long position will continue to be held.

The US Senate passed the cryptocurrency bill, which is a good thing. Regardless of who is behind it, the medium to long-term structure of Bitcoin is not affected by these factors; the impact is on the short-term structure. However, in the end, it is a good thing for the cryptocurrency community.

The small level of Bitcoin $BTC is experiencing narrow fluctuations, and there is a high probability of a breakout upwards. Moreover, the fluctuations in the past few days have not shown a significant downward adjustment again. Therefore, it is highly likely to follow the previously predicted blue sawtooth upward trajectory. The short position that was adjusted yesterday has already taken profit, earning nearly ten thousand points in less than three days.

Although the United States has imposed tariffs on countries that impose tariffs on the U.S., there is no significant negative impact. Structurally, Bitcoin has shown narrow fluctuations, and it is highly likely that Bitcoin will form a double sawtooth structure and break upward again.

Trump spoke again in the evening, predicting that the stock market will rise significantly and pressuring Powell to cut interest rates as soon as possible. Meanwhile, the CPI was lower than expected, which is favorable, leading ETH to reach a new high and complete a full five-wave rise. It is highly likely that there will be a deep correction in the next half month, and the spot ETF has been continuously flowing out in the past two days. #ETH we are waiting to buy more at lower levels.

The conference information for #加密圆桌会议要点 seems good, but it has little impact on the structural trend of Bitcoin.

Although Bitcoin ($BTC ) rose last night, the pullback structure has not changed. We still hold short positions. Since going short at 104700, we have repeatedly gained nearly 10,000 points in profit.