Last night, Trump suddenly announced that he would issue an executive order to promote the inclusion of cryptocurrencies such as BTC, ETH, XRP, SOL, and ADA in the strategic reserves of the United States. If last week's PCE data was a "quick heart drug," then last night, Trump's advocate undoubtedly once again impressed the market with a "strong stimulus." Although this market is sharp, it is mainly still dependent on the emotional reactions of Trump and the market, temporarily falling under favorable short-term information. Uncertainty prevails in macroeconomics and politics for the medium and long term. The real factor determining the ability of big money to continue to enter the market is the elimination of uncertainty in macroeconomics and politics; otherwise, the short-term market will still be influenced by emotions. Will Trump take another big step at the encryption conference on March 7? Will the market's emotional reaction continue to create fear of missing out? This will determine the possibility of further short-term market growth.


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Add to this the Trump tariff policy, which has not yet come into effect, the following key moments - March 7 and the beginning of April. Mexico has proposed with Canada to impose tariffs on goods from China in exchange for the lifting of Trump's tariffs. Now the question is whether Trump will agree if the tariff policy towards Mexico and Canada is postponed tomorrow, it may slightly calm the market sentiment. We also need to pay attention to three things: how the Fed assesses the current market instability and economic slowdown, when the Fed will stop reducing the balance sheet, and the latest diagram of Fed rate cuts. If the latest diagram shows that the number of rate cuts exceeds the market's expectations twice, the market may bounce again. But if it's less than expected 2 times, the sentiment may quickly cool down.
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After the morning highs, Bitcoin started to retreat, indicating resistance from above, but the retreat is currently limited, with the price fluctuating between 91100 and 93000. If these two levels are broken, the coin price will undergo changes again. Such an extreme market is definitely an exception. Stabilization is now beginning, and the trend is constantly tightening. Support is also gradually solidifying from below. Everyone is waiting for evening news, so there is currently a correction at a lower level. At a price of 95000, there is a peak of the daily fast line. It is better to first assess the strength of the rebound. Many short waves, the Ukrainian breakthrough range, Ethereum operations are in sync with Bitcoin!
BTC0,29%
ETH-0,19%
XRP0,05%
SOL0,86%
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