Bitcoin has returned to the high of 83,000. Recent news indicates that Morgan Stanley has increased its Bitcoin holdings, with the total holding rising to 10,600; the total holding of US spot Bitcoin ETFs has surpassed 2 million BTC, accounting for 10.02% of the supply; BlackRock's IBIT holdings have exceeded 804,800 BTC, with a market value exceeding 65.186 billion USD. All three pieces of news reflect increased capital holdings, which do not provide significant short-term stimulus. For the future bull market, this is a significant support and a comfort for spot holders. Overall, there will not be major changes in direction; the cryptocurrency market is still a young market, and the application layer will continue to expand, and the currency indeed needs innovation. Predictions can be made over a three to five-year horizon, and Bitcoin is a market that can be predicted well. As long as the proportion is sufficient, maintaining an overall value in the 20-30 range is still a very achievable goal, which is not large in terms of market capitalization.

Everyone just needs to understand one thing: countries with large trade surpluses certainly support free trade; Americans are just in a trade deficit with us, while almost all other countries are in surplus, so we are also one of the parties supporting free trade. However, regarding settlement methods, the flow of funds needs to be monitored, which is a point that needs to be smoothed out in the future. Once an acceptable method is found, it will spread very quickly, especially now that the construction of a national blockchain network and a nationwide integrated computing power network have been proposed; for us, it only requires one program to directly connect to the blockchain. At this stage, the foundational links have begun to improve, lacking only a timing opportunity, which needs time. It was mentioned yesterday that it will not be achieved within 5-10 years. The current market situation has hardly any major news impact, so whether to go long or short has opportunities for profit; yesterday's fluctuations were only about 600 points, which is not very meaningful for reference.

Old Cui summarizes: There is no stimulative news; it can only be approached from a linear perspective. In yesterday's朋友圈, two comparative graphs were shared; the three-wave pattern of Bitcoin is very obvious, while other cryptocurrencies do not have wave forms. With the recent depth of decline, almost all small cryptocurrencies have lost support. Leaving aside Bitcoin, other cryptocurrencies can be said to have officially entered the bearish camp on the linear level, with only Bitcoin not having damaged its pattern. Among the entire cryptocurrency circle, the best bullish pattern is found in BNB, which has not formed a wave form but has developed a bullish trend. Once again, it is reminded that the golden buying period for BNB has been missed; unless there is strong confidence in a certain platform, do not hold a large amount. For Bitcoin to have a pattern break, it needs to drop below 80,000 first. Based on the current price, shorting is definitely the preferred option, controlling profits within 1,000 points is feasible; for the sake of safety, it is advised to wait for a repair after breaking below 80,000 before entering the market. Also, to inform everyone, Old Cui's short position has not exited and still needs to guard against spot losses, which are still in a loss phase. If there is no loss on the spot, maintaining contract positions can be done on the same day; the mid-term must observe the stabilization situation at the 80,000 mark!

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