According to WallStreetBulls, the Bank of Japan has officially rejected Bitcoin, labeling it as a 'trash coin with zero utility'. This development could influence trading strategies, particularly for those invested in or considering investments in Bitcoin and other cryptocurrencies like XRP.

According to Trader_XO, the trading strategy for Bitcoin ($BTC) began with a focus on long positions, but after encountering a loss and observing a rejection at a key resistance level, the strategy shifted to short positions. The active short position initiated at 86.5 is targeting the 79 levels, indicating a bearish outlook in the short term.

According to DeepLearning.AI, Elon Musk and other investors made an unsolicited $97.4 billion bid to acquire OpenAI's nonprofit entity assets, which the board quickly rejected. This action has introduced complications to OpenAI's future strategic plans, as the board's decision reflects a firm stance on maintaining its current operational integrity. Sam Altman's response, mocking Musk's offer by proposing to buy Musk's company X for a fraction of its value, highlights the tensions between the parties. Traders should note the potential impact on market perceptions of both entities, especially concerning future investments and strategic directions.

According to Trader Tardigrade, Bitcoin's price was previously rejected by the 100-day exponential moving average (EMA) in a 'touch and go' manner in January 2024. This technical indicator, often used by traders to identify potential support or resistance levels, suggests that Bitcoin ($BTC) could face a similar rejection pattern again. This could influence short-term trading strategies as traders may anticipate potential resistance near the 100 EMA level. Source: Trader Tardigrade on Twitter.