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Breaking News on April 29: White House advisor hints at a major update to the "U.S. BTC Strategic Reserve." $BTC The $80k battle has failed; will the market plummet next or rebound and consolidate? Let’s take a look at the illusion behind Bitcoin’s recent sharp decline these past two days.
1. Geopolitical and macro: The Strait of Hormuz is closed, oil prices have surged past $100, and the crypto market, as a "risk indicator," is under pressure first, with inflation expectations soaring from 3.8% to 4.8%! The Federal Reserve hasn't cut rates yet, but inflation has returned. This week’s Federal Reserve meeting is clouded with uncertainty, and large institutional funds are seeking safety.
2. Internal controversy within the Bitcoin community: Recently, there’s been a heated debate over the "forked Bitcoin" distribution and the "Satoshi token" proposal by the clever strategist. Although it’s a farce, it damages consensus—like a drunken reveler at a banquet claiming to rewrite the family tree, utterly absurd.
3. Political deadlock: The much-anticipated "CLARITY Act" in the crypto world has stalled in the Senate due to the Trump family $WLFI USD1, and the "ethical clauses" of the crypto projects. Regulatory favorable news has turned into unfavorable news.
Bullish news today comes from the "Las Vegas Bitcoin 2026 Conference," where a White House advisor hinted at the "U.S. strategic BTC reserve" expectation, which could be the last line of defense for bulls.
Plain language: The key point now is whether Bitcoin can hold the 20-day moving average at $75,000. Holding it gives bulls a chance; breaking below might mean heading back to the old "6" (referring to $60k).
So, do you think Bitcoin will go to $80,000 or $60,000 next? Share your humble opinion in the comments! 😏
$TRUMP $BTC