Following the script given by Lao Yu, step by step. When the altcoin market isn’t that clear yet, manage your positions well and stay patient. If it doesn’t work out, just grab some ETH spot, and switch over when secondary opportunities emerge.
[S&P: U.S. Government Shutdown May Drag GDP Down by 0.1-0.2 Percentage Points Per Week] According to a report by Jinse Finance, S&P Global Ratings stated that the recent U.S. federal government shutdown is likely to have only a minor impact on GDP growth. However, with discretionary federal spending temporarily reduced and market sentiment weakening, economic uncertainty is rising. The economic sector estimates that for each week the government shutdown continues, economic growth could decline by 0.1-0.2 percentage points. (Jin10)
[Decrypt: UK Government Holds $700 Million in Stolen Bitcoin, Future Use Uncertain] The UK government currently holds approximately $700 million worth of stolen Bitcoin, originating from a convicted Chinese money laundering syndicate. These Bitcoins were successfully recovered during a law enforcement operation, marking one of the larger cryptocurrency seizure cases in recent years. The community has expressed concern over the future use of these Bitcoins, discussing whether they will be auctioned, destroyed, or held long-term to support public projects. (Decrypt)
The latest 90 minute cycle K-line shows that the current price is hovering around $4309, between the EMA24 and EMA52 moving averages. The exclusive chip distribution indicator for members shows that the strong support zone at the bottom is concentrated between $4009 and $4020, with a cumulative trading volume of up to 1.82 million USDT, forming a significant HVW high volume node. With the current trading volume significantly shrinking to 14.41% of the average level, it suggests that the market is brewing a correction. On a technical level, KDJ continues to diverge after a dead cross, while the MACD bar chart continues to narrow, jointly verifying downward pressure with the distribution of chips. However, the current price is close to the key support band and is expected to compete above $4009. Activate membership now, unlock precise chip distribution, and seize the opportunity to reverse trends! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 90 minute] candlestick, for reference only, and does not constitute any investment advice.
[Decrypt: MicroStrategy Exempted from Bitcoin Capital Gains Tax Due to IRS Clarification] MicroStrategy is no longer facing the massive tax burden resulting from the appreciation of its $75 billion Bitcoin holdings, following clarifications issued by the IRS and the Treasury Department. As the world's largest corporate holder of Bitcoin, this policy adjustment may alleviate its financial pressure. The community has responded positively to this, but future changes in tax policies still need to be closely monitored. (Decrypt)
[Decrypt: Polymarket Plans to Relaunch U.S. Services, Leveraging CFTC Approval] Polymarket announced that it will resume services for U.S. users through its self-certified markets approved by the CFTC. Previously, the platform was fined by the CFTC and had certain functions suspended due to unregistered prediction market activities. The community has expressed concerns about its compliance while anticipating a broader range of market options after the relaunch. (Decrypt)