RENDER I will not chase this ticket based on AI benefits for now. In RNP-023, 60K GPUs from Salad are connected to Render, which certainly adds to the narrative, but the market has not yet turned it into a trend.

The key information I see now includes 3 points:

1) The official push in the past two days has been for governance voting, not for revenue recognition that has already been implemented;

2) If the proposal passes, the market will first trade on the expectations of "supply expansion of computing power + recovery of AI/GPU themes";

3) However, the 1h and 4h structures are still weak, indicating that buying is more like waiting rather than rushing in.

What I care about is not the "60K GPUs" headline itself, but whether this matter will really raise both the supply-side capacity and the demand-side utilization rate of Render together. One point that the market is most likely to misinterpret is equating the "proposal launch" directly with "immediate realization of fundamentals". There is still a gap between these two involving execution, adoption, and continuous orders.

Conversely, shorts shouldn't be too confident. The 1d has not completely gone bad yet; if subsequent votes proceed smoothly and sentiment returns to AI infrastructure, the elasticity will quickly come back.

So my trading conclusion is very simple: this is not a reversal confirmation, but more like an observation ticket in a catalytic window. If it first recovers 1.7145, then we can look for volume confirmation around 1.904; if it loses 1.615, I will continue to treat it as a weak rebound.

$RENDER