What exactly is the CLARITY Act? Under its influence, how should we act?

At 2:15 AM Beijing time today, the CLARITY Act faced its first procedural vote.

Old Jin believes that the act will not be easy to fully implement in the short term, but this precisely means that every subsequent advancement could become a hot topic for the market to speculate on repeatedly.

Returning to the market, Bitcoin is still in a state of fluctuation. The market's interest rate hike expectations have exceeded 90%, yet Bitcoin still has the strength to repeatedly test 80,000, which essentially means that the favorable expectations of the act have been prepaid.

So, the next steps are quite simple:

If the favorable outcomes materialize, expect a pullback after a surge; if the act faces obstacles, combined with the Federal Reserve's meeting, the short-term downward pressure will further increase.

Tonight, let's see if the support at 76,000-75,500 can hold.

If tomorrow night the Federal Reserve adds negative factors, Bitcoin could drop to the range of 74,800 to 74,000.

And here, precisely is the low-buying position that Old Jin has been waiting for.

Opportunities arise from declines, with a medium-term long position of over 4,000 points, we will wait here.

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