#BTC Soars Above $71K#
On March 11, Bitcoin turned from falling to rising, breaking above the $70,000 mark, and then stood at US$71,000, marking the birth of a new historical high.
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橙子的禁言群
Encrypted Breakfast | February 8th 1. The Iranian Foreign Minister announced that the second round of Iraqi-Latin American talks will be held in the coming days. He also stated that the possibility of war always exists, and Iran is prepared to prevent war from occurring. 2. Musk: Once solar power generation, robotics manufacturing, chip manufacturing, and AI form a closed loop, traditional currencies will become an obstacle. What really matters will be (power generation) capacity and output, not the US dollar. 3. Eight Chinese ministries jointly issued new regulations on virtual currencies, clarifying the definition of RWA and requiring overseas tokenization registration. 4. Bithumb exchange mistakenly issued 620,000 bitcoins, of which 99.7% have been recovered, causing brief market panic but which was quickly resolved. 5. Bitcoin whale Garrett Jin deposited 5,000 BTC (worth $351 million) into Binance in two hours yesterday. 6. Arthur Hayes analyzes the Bitcoin crash as possibly caused by traders using IBIT structured products for hedging. VanEck analyzes five factors contributing to the crypto crash: deleveraging, miner selling, the waning AI hype, quantum computing risks, and the four-year cycle psychology. 7. The founder of Crypto.com acquired the domain name AI.com for $70 million. It's estimated that related AI products are coming soon. 8. ENS Labs abandoned Namechain L2 and moved ENSv2 entirely to the Ethereum mainnet. 9. MegaETH announced that mainnet will launch on February 9th, and that it will use USDM earnings to buy back MEGA tokens. 10. Polymarket applied for the trademarks POLY and $POLY, and partnered with Circle to upgrade to USDC settlement. 11. The White House met with crypto/bank executives to discuss the Clarity Act, focusing on stablecoin yields, which may accelerate regulatory progress. [Bitcoin Market Analysis] Bitcoin has been working hard to recover over the weekend. After such a sharp drop, it takes a long time to recover, so the market is expected to be in a prolonged state. Market confidence may be fully restored once the crypto bill is passed. Bitcoin is currently fluctuating around $70,000. If there's no further selling pressure at the opening tomorrow, the market should stabilize, followed by a weak correction before rebounding. However, if institutional selling hasn't ended, panic will continue. Bitcoin is showing a weak rebound on the 4-hour chart. Tomorrow's outcome depends entirely on whether institutions have finished selling off and whether their hedging and other risks have been fully resolved. [Risk Warning] Digital assets are highly volatile and carry extremely high risks. Please participate with caution, never go all in, and never use leveraged loans.
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梭教授说
All In 8th, Morning News: In the early hours of the morning, some people in the group were saying there was a bug, while others were watching the excitement and placing orders, and my good buddy was playing with AI 😂. 1. $BTC Everyone thought the pullback would only happen on Sunday, but unexpectedly, it started to TP on Saturday afternoon due to large transfers. Then, in the early morning, the market maker's strategy caused the price to fluctuate wildly. I can only admire people with muscle-like reflexes. 2. $ETH Following BTC's fluctuations, it seems there are no more whales liquidating on-chain, or perhaps on-chain analysts aren't analyzing other whales. The rebound is quite good. 3. $SOL It has dropped more than 200 from 290 at the beginning of last year. Let's see if the withdrawal is complete or what the situation is. There is still wealth creation on the blockchain. 4.Tether Assisted Türkiye in seizing $544 million in crypto assets related to gambling and money laundering networks; 5. Bitcoin mining difficulty decreased by 11.16%, the largest drop since the crackdown on mining in China in 2021; 6.Coinbase CEO: Remains firmly bullish on the crypto industry in the long term; 7. The South African Reserve Bank Governor warned that the increasing use of stablecoins could undermine monetary uniformity; 8.Bitwise Advisor clarifies rumors: Nasdaq has not removed IBIT option position limits; 9. Forward Industries, the largest publicly traded company in Solana, reported a book loss of nearly $1 billion, and its stock price has fallen nearly 90% from its peak. 10. Illinois, USA, proposes the "Community Bitcoin Reserve Act"; 11.BTC ETH experienced short-term abnormal fluctuations across multiple platforms, with amplitudes ranging from approximately 1% to 5%; Group members speculated that the problem likely stemmed from an issue with the market maker on @Bybit_Official. 12. Bloomberg analysts reflect on Bitcoin ETF's failure to reduce volatility: Early holder selling pressure was underestimated; 13. Market prediction expert Kalshi revealed that NBA star Giannis Antetokounmpo holds less than 1% of the company's shares. 14. @cz_binance: Binance is assisting with the recovery efforts following the Bithumb airdrop blunder. Offer help again? 15. Ernst & Young warns: Banks must "have wallets" or they will lose customers; smart wallets may replace the core position of bank accounts. ----------- Try to find more opportunities, I'm really amused by the group members 😂, they're playing games when they should be studying, and studying when they should be playing games 😭. #Bitcoin #Ethereum #Solana #Crypto
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Trader米哥 🚀
Hello everyone! I'm your go-to Bitcoin analyst, Mi Ge! Today is Sunday, so I'll take two minutes of your precious time to talk about this reversal pattern in BTC. 💡Yes, you heard right, BTC has reversed! Many of the reversal indicators in MiGe's analysis method have been marked with a ✅⬇️ ✅After a period of accelerated decline, the largest single-day rebound in recent times was achieved. ✅After a downward trend forms, specifically a white descending wedge, the price accelerates downward and breaks through the pattern, then rebounds sharply and returns to the pattern: this constitutes a false break. ✅The rebound exceeded the 23.6% Fibonacci retracement level. 🎯Let's talk about our goals: Target 1: 78-80k, this is the Fibonacci retracement level, which is also the location of the middle Bollinger Band on the daily chart. Target 2: 83.5k or 88-89k, depending on the strength of the move. The 61.8% Fibonacci retracement level here is also the upper edge of the linear channel that has formed on the 126k chart. Mid-term target 1: 105-110k, the upper limit of the large-scale oscillation range. Mid-term target 2: 126-133k, a high-liquidity zone above the previous high. 🔥Summary: I buy the dips spot and long contracts below 65k, and I am strongly bullish. Here, I would like to wish everyone good health and all the best. The children are on holiday, and I also wish all parents and children a wonderful holiday. —Love you all, MiGe❤️ twitter.com/tradermige/status/...
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