Last night, Bitcoin finally broke the sideways trend that lasted for several days, which was not unexpected. I repeatedly pointed out over the past week that the 4-hour range was narrowing, with solid support below, signaling a typical buildup phase. Let’s first look at the macro perspective—over the past few days, the amount of information in the crypto space has exploded, and each piece could potentially rewrite the market landscape.

The SEC Chairman expressed confidence that the Clarity Act will be submitted to the President this year, which is a major positive for the entire industry. Meanwhile, the Thai government is tightening regulations on gold trading and digital assets, and central banks worldwide are frantically stockpiling gold. Behind these actions is a common signal—financial order is being reshaped.

This cannot be explained by short-term fluctuations. Gold prices are soaring, central banks are rushing to buy, and countries are preparing for risk defense. The Federal Reserve’s independence faces unprecedented pressure. If the situation escalates, it could trigger a confidence crisis at the systemic financial level, more severe than any short-term turbulence.

So the question becomes: Are we entering a super cycle for the crypto industry, or a super chaos in financial markets? The former founder of a major exchange recently called for a brewing super cycle, which many see as a repeat of old themes. But a closer look at the current situation suggests he might be seeing things that most people haven’t yet realized.

Financial markets favor clear rules and predictable policy environments. Right now, this environment is neither clear nor stable. Rules are vague, policies are inconsistent, and order is chaotic—this is both a crisis and an opportunity for the market. Whether Bitcoin and Ethereum can rise with the trend depends crucially on whether future policy directions can become clearer.