Recently, a significant wave has swept through the crypto circle—global index giant MSCI suddenly announced that their plan to remove crypto-related companies from the index has been directly canceled. Once the news broke, MicroStrategy's stock price surged by 5.7% on the same day, and related listed companies in the entire crypto ecosystem also benefited.

Why such a big reaction? Frankly, the market had been holding its breath. Everyone was wondering, if MSCI really excludes crypto companies, what will happen to institutional investors who are forced to sell? How will retail investors react with panic selling? Now that this "stabilizing" decision has been made, the anxiety has dissipated.

You can think of it like this—it's similar to a school planning to expel a group of students, but suddenly changing their mind and saying "we won't expel anyone," causing the whole class to cheer. For companies like Coinbase and MicroStrategy that hold crypto assets, this decision is indeed a major positive.

But there are some nuances to consider, and we need to stay calm. First, this is only a "temporary suspension," and whether future policies will change depends on the attitudes of regulators in various countries. Second, the overall crypto market is still undergoing repeated adjustments; this wave of good news might just be a short-term rebound, and the long-term depends on whether there is a real breakthrough in technicals. Finally, with such a jump in stock prices, is there a possibility that expectations have been overdrawn in advance? These are all questions to think through.

In simple terms, policy easing is a good thing, but it more resembles a "rebound signal" rather than a true turning point. Whether a real inflection point will come depends on whether Bitcoin can effectively break through key resistance levels. Don't rush to all-in; observation and analysis are more important.