#AnthropicIPO postponed, valuation expectations pushed toward 2 trillion, indicating hot money is still looking for an exit and risk appetite hasn’t collapsed. This is an indirect positive for BTC. I’m bullish, but I won’t chase high.

Up 6.7% over 24h. The high at 87374.3 is within reach; the low at 80822.4 was quickly pulled back. The 1-hour and 4-hour charts are moving upward in sync, with the distance to the 4h high only -0.00%. In the top 10 order book, there are 787 buy orders vs 473 sell orders; buy/sell ratio 1.66, with buyers controlling the market. Funding rate is 0.01%, still mild. Open interest is 29k BTC and shows no crowding. Sentiment is somewhat hot but not extreme.

Discipline: only do pullback entries, do not chase breakouts. Place a buy at 85530 on a pullback below 86587.7; stop loss 84685; take profit 87890. If price touches the take-profit level, cut the position in half. If it directly breaks 87374.3 on heavy volume, abandon the chase order and wait for the next 4-hour candle close to decide again. Keep risk per trade within 1.5% of total capital.

——This is only my personal opinion and does not constitute investment advice. Wishing you a smooth trade.——

$BTC#AnthropicIPO delayed, valuation expectations pushing toward 2 trillion