In yesterday's live broadcast, we discussed some issues regarding the midterm elections, and I think it's worth sharing some thoughts with everyone.

Trump's midterm election is not fundamentally a political issue but a naked game of profit distribution:
I understand it as a game among three major core financial backers:
① Oil capital (oil prices)
② Wall Street (AI + stock market)
③ Crypto capital (stablecoins + BTC)
What has happened so far?
Oil: Geopolitical conflicts pushed oil prices higher → already fed up
Wall Street: AI bubble is expanding wildly → making huge profits
Crypto: only half realized (legislation not fully implemented)
So the key time points are: July (crypto legislation) + October (election window)
Let's also look at the market structure
Bitcoin is above the 86,000 resistance zone, with a key support at 70,000~72,000
What does this mean?
This is not the start of a bull market (although I hope it is), just a phase of redistribution of chips
And one more truth many people are reluctant to hear:
The biggest problem in the market now is not the trend, but that retail investors haven't been cleaned out yet
What are institutions doing?
Continuously accumulating chips
Controlling price range oscillations
Waiting for retail investors to get margin called / despair and hand over chips
Conclusion:
Short-term: oscillation with a bearish bias (battling in the 70,000-86,000 range)
Mid-term: watch policy (July is critical)
Long-term: spot holdings at low prices can try to reduce positions; the market is far from the main upward wave