Last night, Trump suddenly announced that he would issue an executive order to facilitate the inclusion of cryptocurrencies such as BTC, ETH, XRP, SOL, and ADA into the strategic reserves of the United States. If last week's PCE data was a "quick heart remedy," then yesterday evening, 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 belonging to favorable short-term information. Uncertainty prevails in the medium and long term in macroeconomics and politics. The real factor determining the ability of large funds to continue entering the market is the removal 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 growth in the short-term market.

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Add to this Trump's tariff policy, which has not yet come into effect, the following key points - March 7th and early April. Over the weekend, Mexico proposed jointly with Canada to impose tariffs on goods from China in exchange for the removal of Trump's tariffs. Now the question is whether Trump will agree, if tomorrow the tariff policy regarding Mexico and Canada is postponed, this 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 its balance sheet, and the latest chart of Fed rate cuts. If the latest chart shows that the number of rate cuts exceeds market expectations by 2 times, the market may rally again. But if it's less than expected 2 times, sentiment may quickly cool off.
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Bitcoin, after rising to morning highs, has started to retreat, indicating resistance from above, but the decline is currently limited. The price is now fluctuating in the range between 91100 and 93000. If these two levels are broken, the coin price will undergo changes again. This extreme market is definitely an exception. Stabilization is starting now, and the trend is constantly tightening. Support from below is also gradually strengthening. Everyone is waiting for the evening news, so there is a correction at a lower level now. At the price of 95000, there is the peak of the fast line for the day. It's better to first assess the strength of the rebound, with many short waves, a Ukrainian breakout range, and Ethereum operations syncing with Bitcoin!