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The core meaning of the news reported by Binance yesterday and which track it is beneficial for
The core meaning of this report is three points: 1. AI is set for explosive growth: Citibank predicts that the AI industry is currently still a "small giant" (430 billion by 2025), but by 2030 it will transform into a "super behemoth" (975 billion). This growth rate is equivalent to more than doubling in size each year, which is extremely alarming. 2. The giants are crazily "building power plants": To support this "behemoth" AI, tech giants like Google, Microsoft, Meta, and Amazon are desperately spending money to build new **data centers** (equivalent to AI's "brain") and buy more advanced **chips** (equivalent to AI's "heart"). Without these infrastructures, AI cannot run.
#BTC Why is it currently fluctuating around 89,000? Although it has experienced a sharp decline, the area around 89,000 USD is currently seen as an important bullish-bearish watershed (support level): Technical rebound: After the price dropped sharply to 81,000 USD, some bottom-fishing capital entered the market, coupled with short sellers taking profits, leading to a technical "short covering" rebound, pushing the price back to around 89,000 USD. Institutional support: Large holding institutions like MicroStrategy have recently set up reserves to avoid being forced to sell due to liquidity pressure, which has stabilized market sentiment to some extent. Future speculation: The market is waiting for the results of the Federal Reserve's interest rate meeting in mid-December. If dovish signals are released at that time, Bitcoin may rebound quickly; conversely, if it falls below the 89,000 USD support, the next target may point to 77,000 USD.