Boyaa Interactive Proposes Investment of Up to $70 Million in Cryptocurrency to Expand Web3 Business Hong Kong-listed company Boyaa Interactive (00434) has announced that its Board of Directors recommends seeking shareholder approval to grant a purchase authorization. This would allow the company to use idle cash reserves from business operations to make potential cryptocurrency purchases within the next 12 months, with a total amount not exceeding $70 million. This move aims to capitalize on the current downturn in the cryptocurrency market, appropriately expand cryptocurrency allocation, and
Daily and 4-hour timeframes form resonance. Ethereum shows a long lower shadow pattern during the pullback, with the current K-line turning positive and stabilizing. Buying support at low levels has clearly strengthened, and selling pressure continues to weaken. This combination indicates that the short-term downtrend has slowed, bearish momentum has been released in stages, and bulls are conducting technical rebounds from key support levels. The market is gradually entering a shock consolidation phase. Recommendation: Buy around 2000, add positions at 1960, target 2200 first, then 2400 above
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