Indiana proposes allowing public pension funds to purchase Bitcoin
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Indiana has proposed a bill to allow public pension funds to invest in Bitcoin, which involves adjustments to public fund management policies. （The Bitcoin Historian）
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Indiana has proposed a bill to allow public pension funds to invest in Bitcoin, which involves adjustments to public fund management policies. （The Bitcoin Historian）
Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 Last week, it was predicted that Bitcoin would rebound around 85000, making it a perfect bargain hunting opportunity. The "Black Friday" in the cryptocurrency market has nothing to do with shopping frenzy. The core is the extreme downward trend caused by the combination of liquidity tightening and sudden negative news on Friday - essentially the high volatility of cryptocurrency assets, colliding with the trading rhythm of traditional markets! Why is it easy to fall at this time? Firstly, on Friday, institutional traders need to close positions and leave the market, causing funds to flow back into the traditional market. The cryptocurrency market lacks sufficient funding support, and a small amount of selling can cause prices to plummet significantly; Secondly, bearish sentiment tends to gather on Fridays, such as regulatory bans, exchange security incidents, changes in Federal Reserve policies, and with no news over the weekend, when panic spreads, everyone will sell frantically; Moreover, as the market's "anchor", Bitcoin often falls under pressure first, and then drives altcoins to fall even harder, making a widespread decline too common! There are many examples in history: on Friday, November 11, 2022, the FTX exchange was hit hard, Bitcoin plummeted by over 15% in a single day, and the total market value evaporated by more than 200 billion US dollars; On Friday, March 10, 2023, concerns arose over the collapse of Silicon Valley Bank, causing Bitcoin to drop directly from $22000 to below $19000. In October 2025, Bitcoin continued to decline for a month on Fridays, dropping from 100000 to 80000 Will history repeat itself this week? Technical Analysis ——BTC's monthly closing line is supported below the mid track at around 85000, while the daily second probing has ended and the rebound is under pressure at the lower track at 94000. The daily line has reached the upper track and the weekly line at 90000 does not break, continuing to rebound around 110000. ——The monthly closing line of ETH reached around 2700, and it rose from 2700 to around 3200 overnight. The daily line is currently suppressed by the upper track, falling back 3000 but not breaking, and continuing to rise around 3500. So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
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