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09:31
Dogecoin chart shows formation of a new cycle, crypto monthly bottom pattern returns
According to Bijie Network, the monthly chart of Dogecoin shows a recurring pattern: a prolonged period of consolidation followed by a significant surge. The current price action suggests that it may be in the late stage of forming a rounded bottom. Meanwhile, the weekly momentum indicator has fallen below a key threshold, a signal that has historically coincided with major cyclical lows. While this pattern indicates that a macro bottom may be approaching, Dogecoin needs to consistently break through its current bottom resistance to achieve a true breakout.
09:25
Michael Saylor responds to quantum computing risks: at least 10 more years before it poses a threat, Strategy to launch a bitcoin security initiative
Reported by Bijie Network: According to Bijie Network, on February 6, Michael Saylor responded to concerns about bitcoin's quantum computing risks during the Strategy Q4 earnings call, stating that such claims are merely FUD surrounding bitcoin and he does not take them seriously. Michael Saylor said that quantum computing is still more than 10 years away from true maturity and is currently a promising but still early-stage technology. Many industries, including financial services and defense, still heavily rely on traditional cryptographic systems. Globally, investment and research in quantum-resistant cryptographic protocols are continuously increasing. The bitcoin community has also begun discussions and participation in related research and development efforts. If bitcoin does indeed require an upgrade in the future, a global consensus will be reached. After completing a quantum-safe upgrade, bitcoin will only become stronger. Strategy will launch a bitcoin security initiative, collaborating with global cybersecurity, cryptography, and bitcoin security communities.
09:25
"Rich Dad Poor Dad" author criticized by the community for his Bitcoin tweet
According to CoinWorld, financial writer Robert Kiyosaki stated that he has stopped buying gold, silver, and bitcoin at specific price levels, and has sold part of his holdings due to capital gains tax issues. He is currently waiting for a new price bottom to appear before resuming purchases. The cryptocurrency community on X criticized this statement, with community comments and users pointing out that he has previously made contradictory remarks, such as advocating for continuous buying.
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